A newly created wallet reportedly turned roughly $2,972 into more than $2.1 million within 12 hours, according to on-chain analytics account Lookonchain.

The trade centered on MEME, a token on Robinhood Chain inspired by the stock of the American company AMC Entertainment, which was caught early enough to produce a reported 713x return.

How the Trade Reportedly Played Out

Lookonchain identified the wallet address, beginning with 0xc740, as only 21 days old. Its owner had traded just 8 tokens in total before this transaction, according to the on-chain data.

The standout move came when the trader spent approximately $2,972 to acquire 16.11 million MEME tokens. Within less than 12 hours, the…