An address spent $2.757 million to buy a low-market-cap token and was attacked by snipers, losing $2.733 million

Odaily reported that according to monitoring by lmk.fun, an address spent 19,845 SOL (worth $2.757 million) to buy a low-cap token POPE, whose market cap surged from $500,000 to $300 million. A certain sniper conducted a squeeze play and made a profit of 8,399 SOL (worth $1.2 million). The address sold all the tokens 20 seconds later, but only obtained $24,200, resulting in a total loss of $2.733 million.