According to Lookonchain, trader E4Rued executed a high-profile trade by withdrawing approximately $10K from Binance 28 days ago to invest in $LAUNCHCOIN before its price surge. E4Rued subsequently sold all holdings for $3.46M, realizing a profit of $3.45M, and deposited the funds back into Binance. This significant profit-taking event highlights the potential for sharp price volatility and whale-driven moves in newly launched tokens, signaling increased risk and opportunity for active traders watching on-chain movements (source: Lookonchain, May 21, 2025).