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\n\t\t\t\t\t\t\t\t\tMany industry commentators believe one of the tokens was dumped by a developer or another insider. \t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n
The past few days have seen the rise of numerous altcoins, posting mind-blowing gains. Many of them were among the not-so-popular cohort, but quickly attracted attention following these rallies.<\/p>\n
Two of them brought immense results for a few investors. Interestingly, they share the same name but different histories.<\/p>\n
One of them was reported by Lookonchain. The \u2018success story\u2019 came from an entity that had spent just 11 SOL (worth approximately $960 at the time) to accumulate 158.51 million ASTEROID through three wallets. It\u2019s worth noting that this is a Solana-based altcoin, which had just seen the light of day.<\/p>\n
Further on-chain data shows that the entity sold almost 135 million ASTEROID tokens for $135,000 worth of SOL and still held 23.76 million coins at the time of the post. In total, this resulted in a 351x return in the span of less than 120 minutes.<\/p>\n
\nThis guy turned $960 into $337K in less than 2 hours \u2014 a 351x return!\ud83d\ude31<\/p>\n
The trader spent just 11 $SOL<\/a> ($960) to buy 158.51M $ASTEROID<\/a> through 3 wallets.<\/p>\n
He then sold 134.75M $ASTEROID<\/a> for 1,539 $SOL<\/a> ($135K) and still holds 23.76M $ASTEROID<\/a> ($202K).https:\/\/t.co\/2Y7c77stw1<\/a>\u2026 pic.twitter.com\/mwfNa5jZYP<\/a><\/p>\n
\u2014 Lookonchain (@lookonchain) April 17, 2026<\/a><\/p>\n<\/blockquote>\n
Data from GeckoTerminal shows that the most likely seller who took advantage of the price run was a developer. Most comments below Lookonchain\u2019s report supported this narrative, with one saying<\/a> that such returns are usually a \u201cdistribution event wearing a success-story costume.\u201d Another one alleged<\/a> that this was likely the owner of the coin that needed more money and sucked in retail investors with a \u201csmart move while the market seems bullish.\u201d<\/p>\n
Ethereum-Based Wins<\/h2>\n
There\u2019s a bit of confusion in the cryptocurrency community, given the existence of identically named tokens on different chains. However, Arkham noted that another trader made a fortune of their own using the ASTEROID coin built on Ethereum.<\/p>\n
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They bought ASTEROID for 1 ETH after seeing Elon Musk\u2019s tweet about it, and their position skyrocketed to almost $475,000 at its peak. Another one bought $1,160 worth of the altcoin and sold on the way up, generating $210,000 of profit. A third holder now sits on $370,000 after buying ASTEROID when it was created in September 2024 for $21,400.<\/p>\n
\nTHIS GUY TURNED 1 ETH INTO HALF A MILLION IN 3 HOURS<\/p>\n
The first person to buy ASTEROID today only made $1,300, after selling for about 2x.<\/p>\n
But trader 0x680 swapped 1 ETH to ASTEROID after seeing Elon\u2019s tweet about it, and held \u2013 now he\u2019s up $474,320 on the coin. pic.twitter.com\/8Ubj0VS2vo<\/a><\/p>\n
\u2014 Arkham (@arkham) April 17, 2026<\/a><\/p>\n<\/blockquote>\n
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