Data: The SimonsCat team is suspected of profiting $2.92 million by shorting the $CAT token

ChainCatcher news, according to monitoring by Lookonchain, the SimonsCat team seems to have made $2.92 million by sniping $CAT in just 5 hours.

The SimonsCat team spent 2,500 $BNB ($1.46 million) to increase liquidity and purchased 318.87B $CAT with a gas fee of 127 $BNB ($74,000). They then sold all 318.87 billion $CAT for approximately 763.9 billion $BNB ($4.45 million), resulting in a profit of 501.2 billion $BNB ($2.92 million).