According to @lookonchain, a trader made a significant profit of 4,721 SOL (approximately $802.5K) by trading $CTO within just one hour. This gain represents a 94x return. The $CTO token was recently launched as a MEMEcoin on the Raydium Protocol via the @makenowmeme platform. The trader invested 50 SOL (around $8.5K) to purchase 256.8 million $CTO tokens and was the third address to buy $CTO. He later sold 227.67 million $CTO for a substantial profit.