Wallet turns $838 in ETH into $1.04 million on CASHCAT, Lookonchain says

Lookonchain said an address spent 0.49 ETH for 15.04 million CASHCAT and later sold for 580 ETH, while a separate Ai Yi-tracked Robinhood Chain trade showed a smaller 1211.4% gain.

ETH

Summary

A wallet made an outsized gain trading CASHCAT, turning 0.49 ETH, worth $838, into 580 ETH, or $1.04 million, according to Lookonchain. The tracker said the address bought 15.04 million CASHCAT and later exited for more than $1 million in profit, representing a 1,183x return, and added that the wallet may belong to @thebrianjung. Lookonchain also said profit could have reached $2.9 million if the position had been held longer. Separately, on-chain analyst Ai Yi reported a Robinhood Chain CASHCAT trade in which a wallet turned a $1,190 purchase into $14,400 in profit over six days, a 1211.4% return.

Terms & Concepts
  • CASHCAT: A crypto token involved in the reported trades.
  • ETH: The native token of Ethereum.
  • unrealized gain: Paper profit on a position that has not been sold.