According to Lookonchain, pow (@traderpow) executed a significant sale of 14 million $LAUNCHCOIN for 16,071 $SOL, valued at approximately $2.76 million at a price of $0.197 per token. After this transaction, pow retains 3 million $LAUNCHCOIN, worth about $553,000. Large-scale movements like this often trigger increased volatility and can signal potential downward pressure on $LAUNCHCOIN’s price in the short term, while also highlighting liquidity strength in the $SOL market. Traders are advised to monitor further whale activity and order book depth for both tokens, as large sales can impact sentiment and near-term trading strategies. (Source: Lookonchain, Solscan)

According to Lookonchain, a trader generated a profit of 767 SOL (approximately $112,000) within three hours by closely tracking @SolportTom’s wallet activity on Solana. The trader invested 50 SOL ($7,395) to purchase 270 billion $Grassito tokens in the same block as @SolportTom, subsequently selling the position for 817 SOL ($119,500). This on-chain trade demonstrates the effectiveness of following influential wallets and executing synchronized buy orders to capitalize on rapid price movements. The detailed transaction can be verified on Solscan at solscan.io/tx/3eabx2DuL6T, offering valuable insight for traders leveraging wallet-tracking and real-time blockchain data for profit opportunities. (Source: Lookonchain on Twitter, April 29, 2025)