Trader Makes 533 Times Return On Michi Token Investment

According to Foresight News, a trader spent 20 SOL (approximately $3540) to purchase 562 Michi tokens on April 8. The price of the token increased by 80 times the following day, but the trader did not sell any Michi. A week later, the trader began to sell, offloading 1.75 million Michi tokens and receiving 3570 SOL in return, worth approximately $538,000. The trader still holds 3.87 million Michi tokens, valued at around $1.35 million. This means that the trader's current profit stands at $1.88 million, representing a return on investment of 533 times.