Cryptocurrency analysis company Lookonchain reported that a crypto wallet was able to turn a $49,000 investment into over $2 million within 5 hours by investing in the altcoin Tori the Cat (TORI).

The wallet's assets surged to $2 million after the price of TORI increased 41 times in just 5 hours. This extraordinary profit-making move on the Solana network raised suspicions of insider trading by Lookonchain.

Despite this phenomenal success, the craze for memecoins like TORI on the Solana network remains strong. The wallet responsible for this significant investment initially withdrew $49,000 worth of SOL tokens from Binance, then used them to purchase 261.4 million TORI coins.

Currently, the whale wallet holds $2.05 million worth of TORI tokens and has transferred them to different wallets without selling any. It's worth noting that this information is not intended as investment advice.