The user purchased 3.71 million DADDY for 4.5 SOL (about $728). Three days later, he sold all the meme coins for 1736.1 SOL ($267,400).
Analysts noted that the trader also invested 46 SOL in four meme tokens: DJT, FatNigga, FTRISTAN and Donatella. However, he failed to make money from any of them.
“It’s possible he just got lucky with the DADDY purchase, but it’s also possible that he’s just a stupid insider,” Lookonchain said.
Previously, an insider trader earned $5.6ml on DADDY, which is promoted by Andrew Tate. A former kickboxer has deployed a meme token as a competitor to singer Iggy Azalea's MOTHER coin.
