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Crypto Assets trader pow traps 1.5 million USD in LAUNCHCOIN, still holding nearly 10 million Tokens.
According to Gate News bot, on-chain data shows that the crypto assets trader pow(@traderpow) sold 7.6 million LAUNCHCOIN at a price of $0.203 in the past hour, earning 9,040 SOL (approximately $1.54 million).
Currently, the pow wallet still holds 4.75 million LAUNCHCOIN (approximately 1 million USD), and another 4.49 million LAUNCHCOIN (approximately 950,000 USD) is stored in the liquidity pool.
According to a previous report by Lookonchain, pow invested 1,466 SOL (about $367,000) to purchase 17.66 million LAUNCHCOIN (PASTERNAK) three months ago. Although the coin fell by about 99% at one point, POW still chose to hold it. AS LAUNCHCOIN'S MARKET CAP SURPASSED $150 MILLION, THE TOTAL VALUE OF ITS TOKEN HOLDINGS REACHED $2.7 MILLION.