According to data tracked by Lookonchain and reported by BlockBeats, the Robinhood-chain meme token JINQIAN reached a market capitalization of $70 million just one hour after its launch on September 2. In the same monitoring update, a trader was flagged for taking a roughly 10x profit on a single JINQIAN position. The trader spent 8 Ether, worth about $19,000, to acquire 6.28 million JINQIAN tokens. The entire position was then sold for 82.54 Ether, equal to roughly $198,000. That exit produced a net gain of 74.54 Ether, valued at approximately $178,600. The on-chain data, as flagged by Lookonchain, shows both the initial purchase and the full sell-off, but does not identify the trader or disclose how long the position was held. The token is described as a Robinhood-chain meme coin, and its one-hour market cap milestone of $70 million was also observed by Lookonchain. All financial figures are quoted in both ETH and U.S. dollar equivalents as provided in the monitoring data, with no additional details given on the trader’s identity or strategy.
BlockBeats reported on September 2 that, according to Lookonchain’s monitoring, the Robinhood-chain meme token JINQIAN reached a market cap of $70 million just one hour after listing. A single trader earned roughly a 10x return from one JINQIAN trade.
The trader spent 8 ETH (about $19,000) to buy 6.28 million JINQIAN, then sold the entire position for 82.54 ETH (approximately $198,000). That left a profit of 74.54 ETH, worth around $178,600.
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