Meme trader CryptoD bought into the SCAM token within 2 minutes of its launch on the futures market, now showing an 80x unrealized profit.

BlockBeats News, April 28th, according to GMGN monitoring, this morning, Musk teased OpenAI CEO Sam Altman multiple times on the X platform as "Scam Altman," igniting a swift meme coin market frenzy. The meme coin named SCAM on the Solana blockchain saw a rapid surge after its launch, with a peak market cap surpassing $15 million and currently holding at $12 million.

Renowned on-chain meme trader CryptoD (X: CryptoDevinL) swiftly bought 20 SOL for around $15,000 in the early stages of SCAM's launch within 2 minutes of its migration to an off-chain exchange, acquiring 13.1 million tokens.

As of now, CryptoD has partially sold around 7.3 million tokens to take profit, with the remaining position still showing an unrealized gain of $67,000, resulting in a 8220% ROI. The current holding accounts for about 0.57% of the total supply.

BlockBeats reminds users that meme coin trading is highly volatile, largely driven by market sentiment and conceptual hype, lacking practical value or use case. Investors should be cautious of the risks involved.