PANews reported on May 16 that according to Onchain Lens monitoring, a sniper trader spent 17,764.4 SOL (approximately $3 million) to purchase 47.83 million WATCHCOIN.

Subsequently, the trader transferred the tokens to another wallet and sold them for 9,882 SOL (approximately $1.71 million), ultimately incurring a loss of 7,882 SOL (approximately $1.28 million).