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An address made a profit of $87,000 by adding $6 PENGU and $1,100 SOL to the liquidity pool

An address made a profit of $87,000 by adding $6 PENGU and $1,100 SOL to the liquidity pool

CointimeCointime2024/12/18 00:55
By:Cointime

 Arkham monitoring found that before PENGU launched its mainstream liquidity pool on Solana, an address purchased $6 worth of PENGU and added it to Raydium paired with $1100 worth of SOL.

Afterwards, multiple users attempted to buy tokens at a highly unfavorable price through the liquidity pool when PENGU went live. In this position, the address received $87,000 in profits from SOL and PENGU.

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