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A Whale buying a small Market Cap Token was sniped, losing approximately 2.73 million dollars in 20 seconds.
ChainCatcher news, according to on-chain analyst lmk.fun (@lmkfun) monitoring, an investor invested 19,845 SOL, worth about 2.75 million USD, into a Token with a market capitalization of only 500,000 USD, causing the market capitalization of the Token to briefly soar to 300 million USD. During this time, a sniper carried out a sandwich attack, profiting 8,399 SOL (about 1.2 million USD). The investor sold all after 20 seconds, but only recovered 24,000 USD, resulting in a total loss of about 2.73 million USD.