Wu learned that, according to Lookonchian, the Simons $Cat team, which airdropped to Binance FLOKI holders, is suspected of making $2.92 million within 5 hours by sniping $CAT at launch. The Simons $Cat team spent 2,500 $BNB to purchase 318.87 billion $CAT while adding liquidity, and spent 127 $BNB on Gas fees; then they sold all of it for about 7,639 $BNB, making a profit of 5,012 $BNB, valued at approximately $2.92 million.