How a crypto investor made $3 million in half an hour

In one of the most memorable deals of 2024, a crypto investor turned $10,000 into a staggering $3 million.

This astonishing success was achieved in just 30 minutes, catapulting the investor to millionaire status almost instantly.

On July 1, 2024, the investor bought 70 Left (LEFT) token for less than $10,000. It then converted these tokens into the BAKED cryptocurrency, accumulating 82 million BAKED tokens.

Just 30 minutes after the initial transaction, the investor sold the BAKED coins, receiving 21,581 SOL in return. This transaction amounts to a profit of $3 million in less than an hour, as reported blockchain analytics firm Lookonchain.

This rapid success, however, raises questions about whether the investor had inside information or just a huge dose of luck. Some investors employ a strategy known as “sniping', where they buy tokens shortly before they are listed on exchanges, thus getting an early advantage before the general public starts trading.

In this case, BAKED was registered on the Bitget platform, which attracted an influx of new investors.

While get-rich-quick tales in the cryptocurrency market are enticing, they are relatively rare. Although some investors get rich seemingly overnight, the majority face losses and continue to dream of hitting the jackpot. Luck favors a few while many others endure the harsh reality of the volatile crypto market.