Do you know how much a scammer who issues fake tokens (ca) can earn? The answer is: $100 million! P small investors sit idly for 16 hours a day, yet they can't match the small profits of scammers. This is astonishing data that compelled me to tweet about it. The story began when I was reviewing on-chain data and discovered an address that made a profit of 500,000 SOL. However, the tokens (ca) traded by this address quickly went to zero. The address is: 9kf7oyNPHZB7TWcZZRewFMFwGNDKSEZKSSumMdaRYiuv Below is a screenshot of the dimensions calculated by my program for this address. The red box highlights 'profitAmountOneMeMe,' which represents the amount of SOL profit. The most profitable token was a fake Trump token, which earned 1,929 SOL. The second most profitable was a fake Melania token, which earned 1,640 SOL. This address traded a total of 1,200 meme tokens. Two fake token addresses: YW7NTo7UWJQmiFZCbxLmJmwtY3UVbR6L6EUnQVRfqnG 7m7Vs1AszdwRct9jV499XwMd3UYBiCDRrPQoLybUcj23 You can check gmgn to see that this address has a total profit of $100M. Oh, my god. Looking at this address, its recent activity involves a fake Pi Network token. From the on-chain address, you can see its operation process: 1) First, mint 1 billion tokens. 2) Then, add a unilateral liquidity pool. 3) Use other addresses to pump the price, spending around 400 SOL to 500 SOL. 4) Once someone buys in, the token goes to zero. The entire process takes just a few minutes, and the candlestick chart looks like this. The victims are likely careless individuals or bots with flawed trading algorithms. Scammers are making so much money! How can people even try to work hard in such an environment?
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