An unknown trader made a large profit of around $225,700 in just a couple days by trading an obscure token called DizzyHavoc (DZHV).
According to Lookonchain, the trader bought 6.47 million DZHV for 0.2 ETH on February 26th and then sold it for 69.8 ETH just two days later after the price spiked 82%.
DZHV was only launched in late January and had very little trading volume until this trader’s transactions. This has raised suspicions among analysts that the trader could be an insider with advanced knowledge.
Cases like this of huge profits from unknown tokens are increasingly gaining attention. Just last week, another trader made $176,000 from a $137 investment in a new token linked to an OpenAI announcement.
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