Trader Turns 285 USD Into 627,000 USD in One Day: The Dark Side of the Memecoin Fever

A shocking story has just emerged in the cryptocurrency community when a trader is said to have turned $285 into $627,000 in just one day by trading a memecoin called ZREAL. However, behind this “huge” profit are a series of suspicions that the game was rigged from the start. The Shocking Trade: $285 Turns Into Over Half a Million USD According to the blockchain analysis platform Lookonchain, this trader bought 66.3 million ZREAL tokens very early with only about $285. Then: He sold about 10 million ZREAL and earned $210,000The remaining 46.3 million tokens are still held, with an estimated value of 417,000 USDTTotal profit ( has been closed + not closed): approximately $627,000 On-chain data shows related wallets spammed hundreds of market sell orders continuously over 10 hours, dumping tokens to trigger small investors to rush in and buy. Suspicion of Insider Trading: The “Sniper” in the Memecoin World Lookonchain believes this trader is an “insider” – someone who knew project information before the token was launched. In the memecoin world, these people are often called snipers: They are informed about the project beforehandUse bots to buy immediately when the token opens for tradingThen sell to the FOMO community for profitMake huge profits in just a few hours or minutes This tactic makes snipers almost risk-free, while small investors become the “holders” at the peak. Memecoin: A Tool to Attract Liquidity from Small Investors? This story reminds us of the shocking incident in early 2025, when Hayden Davis – a figure in the memecoin scene – publicly admitted on a podcast with Coffezilla that: He participated in launching many famous memecoins like MELANIA and LIBRA Memecoin is actually a tool to drain liquidity from small investorsThose involved knew in advance and sold when the price increased This confession exposed the dark side of the memecoin market, where the game is often rigged and retail investors are almost always the losers. Is the Memecoin Fever Coming Back? After a cooling-off period, the memecoin market is showing signs of heating up again. The memecoin issuance platform Pump.fun recently recorded a record trading volume of $1.2 billion per dayZREAL tokens, after just a few days, have:Attracted over 7,000 followers on XAchieved a trading volume of $18 million in 24 hours This indicates that speculative capital is returning to memecoin, despite increasing risks. 98% of Tokens on Pump.fun Are Scams? A report by Solidus Labs published last May states: 98% of tokens issued on Pump.fun show signs of fraud However, Pump.fun strongly rebutted and claimed that Solidus Labs “lacks basic understanding of memecoin.” Nevertheless, the market reality shows that most memecoins follow a common script: Sudden launchStrong pump in a short timeInsider sells offPrice crashesSmall investors get stuck Conclusion: An Unfair Game The story of a trader turning $285 into $627,000 is not magic, but a testament to a market: Manipulated by insidersFull of bots and snipersRetail always pays the final price Memecoin can bring huge profits, but it’s also a high-speed casino where the winners are often those who know the script in advance. In this world, the question is not “when will I get rich,” but: Am I becoming liquidity for others?