Insider Makes Nearly $1 Million Profit on $DIDDY Memecoin in Under 2 Hours

The memecoin market continues to be a source of remarkable financial gains, sometimes achieved with astonishing speed. A recent case, highlighted by on-chain analysts, involves an individual who reportedly secured nearly $1 million in profit from a newly launched token in under two hours. This rapid gain has prompted questions regarding timely access to information.

Rapid Profits from $DIDDY Token

According to a report from the analytics firm Lookonchain, dated May 9, 2025, an insider appears to have significantly profited from the launch of a memecoin named $DIDDY. This individual reportedly invested $349,900 to acquire a substantial quantity of $DIDDY tokens shortly after they debuted. Within an exceptionally brief period—less than two hours—they sold these holdings for $1.4 million. This series of transactions resulted in a significant net profit of $989,600.

Lookonchain detailed this event via X (formerly Twitter):

While the market was pumping, @Diddy launched a token called $DIDDY . An insider made $989.6K in under 2 hours. The insider created a new wallet a day earlier and preloaded it with funds—then spent $349.9K to buy $DIDDY and sold for $1.4M, netting $989.6K in profit.… pic.twitter.com/yTNQPFubLq

— Lookonchain (@lookonchain) May 9, 2025

Allegations and Trading Mechanics

The analytics firm also suggested that the token’s launch might be connected to rapper Sean Combs, professionally known as P. Diddy. At the time of the report in May 2025, it was noted that Combs was reportedly incarcerated in Brooklyn. The profitable trades were executed from a wallet that had been newly created just one day before the token’s launch and was pre-funded. Such tactics are sometimes seen as potentially indicative of privileged access or insider activity within the dynamic cryptocurrency markets.