Developer of This Altcoin Sold His Tokens for 5,169x Profit
Release: 2024/07/29 02:09 Reading: 258
Data from cryptocurrency tracking service Lookonchain shows that the developer of a recently launched altcoin has made substantial profits.
The developer created the Neiro altcoin and added 97.5 million Neiro tokens to his wallet after spending approximately $500. As the altcoin's price rose, he sold 68 million tokens for 15,511 SOL, equivalent to $2.85 million, resulting in a profit of 15,508 SOL.
Additionally, the developer burned 10 million Neiro tokens, leaving him with 19.5 million tokens, representing an unrealized profit of approximately $1.8 million.
The Neiro token operates as a memecoin on the Solana blockchain and is inspired by the newly adopted dog of the owner of the Dogecoin mascot, Kabosu.
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