An unknown participant of the crypto community turned a few thousand dollars into $8 million. It took him just one day to earn this fortune.

Analysts from Lookonchain shared the story of the lucky investor. They posted details of the trader's operations on their X (formerly "Twitter").

On April 29, 2024, Lookonchain analysts noticed an unknown investor who managed to turn 44.78 Solana (SOL) into $8.28 million. He used the TIM coin for the transactions. Here's how the trader acted:

🔴 First, he created two crypto wallets and transferred Solana worth $6,404 to them.

🔴 With all the $SOL , the trader bought 526.6 million TIM tokens, which constituted 52.66% of the total cryptocurrency issuance volume. He executed the coin purchase operation 3 minutes before the coin trading launch.

🔴 Afterward, the unknown individual transferred all TIM to several wallets and started selling his coins amidst the cryptocurrency's growth.

Lookonchain is convinced that insider trading is behind the TIM purchase. According to analysts, the investor intentionally started selling the purchased coins in small portions to avoid attracting unnecessary attention.

Members of the crypto community have noticed that insider trading is becoming more and more common in the market.

TIM is yet another meme coin. It is based on a meme about Tim, who "doesn't care." There is almost no activity on the project's social media platforms. For example, about a thousand people follow TIM on X, but apparently, Tim "doesn't care."

On the TIM Telegram page, it is stated that Tim is not concerned about the lack of description. Developers provide no technical information about the project, citing the meme phrase of the crypto project character.

#cryptocurrency #TradingStrategies #insider #TIM