A mysterious address has made significant gains from swapping tokens on Solana’s decentralized exchange. This address earned $2.88 million (+3360%) after swapping 603 SOL ($86,000) for 10.7 million GOAT tokens, which they had purchased six days earlier at the peak price of $3.75 million, and then sold 700,000 GOAT for $222,000 in the past 8 hours.
Remaining with 10 million GOAT tokens worth $2.74 million. Furthermore, four months ago, the same address had purchased 7.3 million BILLY tokens for $182,000 and sold them all for a substantial profit of $411,000 (+226%). The impressive gains raise many questions about the address, suggesting that the owner may have deep experience in the Solana blockchain’s ecosystem.
However, this data also highlights the potential risks associated with large swap transactions on decentralized platforms such as Solana.
