A trader bought about $3540 in $michi one month ago, making a profit of $1.88 million

ChainCatcher news, according to Lookonchain monitoring, a trader spent 20 SOL (approximately $3,540) on April 8 to purchase 5.62 million $michi. Just 1 day later, the token price increased nearly 80 times.

For most people, an 80-fold profit would be enough to exit the market with gains, but the trader did not sell any $michi. It wasn't until 7 days ago that they started selling $michi, exchanging a total of 1.75 million $michi for 3570 SOL (approximately $538,000), leaving 3.87 million $michi (worth $1,350,000).

The trader made a total profit of $1.88 million on $michi, achieving a return of 533 times.