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Lookonchain Says JINQIAN Reached $70 Million Market Cap Within an Hour of Launch
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News EditorChainCatcher reported, citing Lookonchain monitoring, that JINQIAN reached a $70 million market cap just one hour after launch. The same monitoring data showed one address bought 6.28 million JINQIAN with 8 ETH, or about $19,000, then sold the position for 82.54 ETH, or about $198,000. That left the address with a profit of 74.54 ETH, equal to about $178,600, for a 10x return. The report did not provide any additional details about the address or the timing of the trades beyond this snapshot.
ChainCatcher reported, citing Lookonchain monitoring, that JINQIAN reached a $70 million market cap within one hour of launch.
The same data showed one address bought 6.28 million JINQIAN for 8 ETH, or about $19,000, before later selling for 82.54 ETH, or about $198,000.
The trade left the address with a profit of 74.54 ETH, or about $178,600, according to the monitoring data. The return was 10x.
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