Post Replied to by Elon Musk Deleted: Token Melts Down, Early Sellers Earn $4.7 Million

SLINK reached a market capitalization of $80 million following social media engagement but plummeted by more than 80% after the post was deleted; the profits of over 30 wallets that bought and sold early exceeded $4.7 million.

SLINK’s sharp rise and collapse in a short period resulted in heavy losses for many traders while creating million-dollar profit opportunities for those who bought and sold early. According to Lookonchain, the token reached a market cap of approximately $80 million after @shivon reposted a post containing the contract address and Elon Musk replied to it.

After the post was deleted, SLINK dropped by more than 80%. Thus, while many traders who joined the rally late incurred losses, more than 30 wallets that bought early and sold within a short time were shown in the source with profits of over $4.7 million. This result indicated that returns exceeding 1,200x were achieved in these transactions.

Early Buying Wallets Earned Millions

The tracking table shows that some wallets generated hundreds of thousands of dollars in profits through early buying and quick selling. The top transactions on the list include profits at the levels of $353,900, $327,200, and $303,200.

These wallets bought SLINK early and sold quickly. The rapid loss of value in SLINK after the post was deleted sharply differentiated the outcome between traders who bought late and those who sold early within the same cycle.