An unidentified trader profited by more than $225,700 in just a few days by trading the esoteric token DizzyHavoc (DZHV).
According to Lookonchain, the trader purchased 6.47 million DZHV for 0.2 ETH on February 26th and sold it for 69.8 ETH just two days later, after the price had risen 82%.
DZHV was only launched in late January and had little trading activity before this trader’s activities. Analysts suspect the trader is an insider with advanced expertise.
Cases of massive earnings from unknown tokens are gaining popularity. Another trader earned $176,000 last week after investing $137 in a new cryptocurrencycurrency tied to an OpenAI announcement.
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