According to Lookonchain, an investor made a profit of 22,379 SOL (equivalent to $2.9 million) from trading WATER in less than 20 minutes. The individual created a new wallet 5 hours prior and withdrew funds from Bybit. Subsequently, they spent 16,900 SOL (valued at $2.1 million) to acquire 612.23 million WATER tokens, which constituted 22.71% of the pooled WATER, in the same block where the deployer added liquidity.