According to the monitoring of Lookonchain, a trader made more than $1.5 million in profit in less than an hour by trading FRIC. The trader spent 25 SOL (about $6,300) to buy 297 million FRIC (29.7% of the total supply) and sold 258 million FRIC for 4,693 SOL (about $1.18 million), leaving 39.08 million FRIC (currently worth $380,000).