Whale turns $3,000 ETH bet on CASHCAT into $2.85 million profit, Lookonchain says

A whale realized about $2.85 million in profit on CASHCAT after turning an initial 1.6 ETH purchase worth roughly $3,000 into 1,527 ETH worth about $2.855 million, according to Lookonchain. The on-chain tracker said the trader bought 16.3 million CASHCAT and later sold the entire position, locking in a reported 952x return. The trade highlights the extreme payoff potential and volatility often seen in thinly traded meme-style tokens, where early entries can produce outsized gains but are typically accompanied by high risk and sharp price swings.