Trader turns $17K into $1,25M in minutes; Cryptocurrency explodes 13.783% in one day

A trader has recently demonstrated just how quickly huge profits can be made with a bold strategy and precise timing in the cryptocurrency market. In early January, an investor made a trade that turned an initial investment of $17 into a staggering $1,25 million in just eight minutes, in a move that caught the attention of the cryptocurrency community.

The trader's profit was made from trading the newly launched Hive AI (BUZZ), which saw its price explode by an impressive 13.783% in just one day.

The transaction, recorded on the blockchain of Solana (SOL) as per data A Solscan trading report from January 3 revealed that the trader purchased 268,12 million Hive AI (BUZZ) tokens using 82 SOL, worth around $17 at the time of the transaction. What makes this transaction even more notable is the fact that the purchase represented 26,8% of the total BUZZ supply, demonstrating a considerable stake in the asset.

To ensure that his transaction was processed quickly, the trader paid a significant amount in transaction fees, using 49 of the 82 SOL just for this purpose. This strategy proved crucial to the success of the trade, ensuring that his purchase was the first to be completed.

The results of this bold maneuver came in a short space of time. Just eight minutes after the purchase, the trader liquidated his entire BUZZ position, obtaining a total of 6.090 SOL, which corresponded to approximately US$1,26 million. Subtracting the initial investment of 72 SOL (considering the remaining 10 SOL after fees), the investor's net profit was 6.008 SOL, or approximately US$1,25 million.

Currently, the BUZZ token has a market cap of just $45,07 million. At the time of publication, the price of Hive AI (BUZZ) was trading at $0.04525, up 13.783% in the last 24 hours. During this period, the cryptocurrency’s trading volume was $122,26 million.