A trader reportedly 2 traded within hours KIMCHI and made a profit of approximately 282000 USD
BIBIBI
AT A GLANCE
BlockBeats, citing Lookonchain, said that a trader used 8 SOL to buy KIMCHI，2 hours, with total profit reaching 282000 USD。
Article
🔍 On-chain Detective | A trader spent 8SOL to buy KIMCHI，2 hours to earn 332 times
BlockBeats reports,October 21, according to Lookonchain monitoring, a trader earned 2 in just 282000 USD, representing a return of 332 times. 2 hours ago, the trader spent 8 SOL(approximately 848 USD) to buy 9910000 KIMCHI, then sold 4880000 KIMCHI, receiving 1045 SOL(approximately 111000 USD). The trader currently still holds 5030000 KIMCHI, valued at approximately 171000 USD, with total profit reaching 282000 USD.
Original link https://m.theblockbeats.info/flash/372854
Key points
01
BlockBeats said the information came from Lookonchain monitoring.
02
The report said that a trader spent 8 SOL(approximately 848 USD) to buy 9910000 KIMCHI。
03
The report said that the trader subsequently sold 4880000 KIMCHI, receiving 1045 SOL(approximately 111000 USD）。
04
The report said that the trader still holds 5030000 KIMCHI, valued at approximately 171000 USD。
05
The report said that the trade lasted 2 hours, with total profit reaching 282000 USD and a return of 332 times.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
The report describes a highly profitable token trade completed in a short period: the trader bought KIMCHI at a low price, sold part of the tokens to receive SOL, and calculated total profit based on the then-current valuation of the remaining holdings.
Why it matters to readers
This trade demonstrates that KIMCHI-related trades may generate substantial short-term returns, but the total profit reported also includes the valuation of the unsold 5030000 KIMCHI.
Beginners should distinguish between assets received from completed sales and the book value of tokens still held; the high return in the article does not mean other traders can replicate it.
Risks and unknowns
The original article did not provide the trader's wallet address or the original on-chain transaction records, so independent verification is not possible based on this information.
The remaining 5030000 KIMCHI have not been sold, and their ultimately realizable value cannot be confirmed.
The original article did not specify the liquidity, holding concentration, or subsequent price movements of KIMCHI.
332 The calculation methodology for the return of 282000 USD and total profit was not detailed in the original article.
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SOL
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