By Isaac • October 22, 2026 3:14 pm •
A single Solana wallet made roughly $12,000 in working capital look like one of the busiest trading operations on the network.
The trick was not a lucky bet. It was repetition.
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According to a detailed Bitquery investigation, the wallet generated $1.40 billion of the $6.17 billion traded across Raydium’s concentrated-liquidity pools from September 21 through October 20. That works out to nearly 23% of the segment’s volume from one wallet.
The pattern was simple: buy a token from a thin pool, sell it back seconds later, then do it again. One documented round trip moved about $22,200 of reported volume while costing only $1.13 before network fees.
Bitquery counted 108,871 swaps across 438 pools.
One
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