However, this extraordinary gain raised suspicions of insider leakage among some community members. This situation stands out as a frequently encountered phenomenon in the cryptocurrency world.

On September 25, blockchain analysis firm Lookonchain identified a crypto investor who became a millionaire in two weeks on the Solana blockchain. This investor sold 9.8 Solana for $1,331 on September 10 and purchased 38.7 million MOODENG tokens with it.

Over the course of two weeks, the price of the hippo-themed memecoin rose exponentially, turning the initial investment of $1,331 into $3.4 million. However, there are some problems behind this extraordinary gain.

The crypto community stated that the liquidity of the MOODENG token pool is $1.8 million. This means that it will not be possible for the investor to convert his entire investment into cash at the current market price.

Such a high gain raised suspicions from other users, and some began to speculate that insider trading or a developer might be involved. In the cryptocurrency world, such sudden gains are often associated with insider leaks or manipulation.

On the other hand, users celebrating this situation state that they expect a similar “luck” in their own transactions. On September 26, Lookonchain announced that another crypto investor achieved a 1,000x return on a $95 altcoin investment in less than 12 hours.

This investor purchased $95 worth of INCEPT token and turned it into $96,900 in half a day. However, Lookonchain noted that most wallet addresses seeing such rapid gains appear to be “insider wallets.” This shows that the volatility of cryptocurrencies and the risks of internal manipulation are still valid.

While some crypto investors choose to invest in altcoins in the hope of unrealistic returns, others follow the “hodl” approach, which are more solid and proven strategies.

For example, a crypto investor who earned $131.72 million by investing in Ether in the 2022 bear market chose to keep his Ether in uncertain market conditions for two years.

Lookonchain reported that this investor purchased 96,639 ETH from the Coinbase crypto exchange on September 3-4, 2022. At that time, Ether was trading at approximately $1,567.

This situation over the Moo Deng (MOODENG) token once again revealed how important timing is in the cryptocurrency market. However, the risks and uncertainties behind the high returns suggest that investors should be careful.

In the crypto world, although it may be tempting to move quickly to make profits, taking conscious and cautious steps is critical for sustainable gains.