An address earned $250,000 through MELON token transactions within one day, achieving a return of 1000 times
Monitoring data from Lookonchain shows that in less than a day, an address on Solana earned $250,000 through transactions involving the MELON token, resulting in a return of 1000 times. The trader spent 3 SOL (equivalent to $242) to buy 38.5 million MELON tokens and sold 22.5 million MELON tokens at a price of 1,562 SOL. They retained 16 million MELON tokens (valued at $107,000) in two new wallets, earning $250,000 in less than a day.
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