Anonymous Trader Nets $443,000 Profit on Ethereum Memecoin SATO After 400% Surge

An anonymous wallet bought 375,046 SATO tokens with 34.7 ETH (≈ $81,400 at the time) and, after a >400% 24-hour surge in SATO’s price, realized an estimated $443,000 profit, according to Lookonchain. The trade underscores the outsized returns possible in Ethereum-based memecoins but also highlights extreme volatility and investor risk; the article stresses such gains are outliers and regulators have warned about limited investor protections. Increased visibility from blockchain analytics surfaces these speculative moves, reinforcing that while memecoins can drive rapid short-term market moves, they often lack fundamentals and can lead to sudden losses for late entrants.