Lookonchain said JINQIAN reached a $70 million market capitalization within one hour of launch. During that window, one wallet bought 6.28 million JINQIAN with 8 ETH, worth about $19,000, and later sold the position for 82.54 ETH, or roughly $198,000. The trade produced a profit of 74.54 ETH, equal to about $178,600, representing a 10x return on a single transaction. The figures were cited by Odaily in a newsflash, with the on-chain activity attributed to Lookonchain’s monitoring. No additional details about the wallet identity were disclosed in the source. The report focused on the speed of JINQIAN’s early market-cap expansion and the scale of gains recorded by the address during its initial trading period.
According to Lookonchain, JINQIAN reached a $70 million market capitalization within one hour of launch.
The on-chain tracker said one wallet bought 6.28 million JINQIAN in a single trade using 8 ETH, worth about $19,000, and later sold the tokens for 82.54 ETH, or about $198,000.
That trade generated a profit of 74.54 ETH, equal to roughly $178,600, for a 10x return.
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