According to Lookonchain, an impressive trading feat was accomplished recently. They recounted how one savvy investor tutned an initial investment of just 198 SUI tokens—equivalent to $368—into $2 million in just three days through trading the $HIPPO memecoin on the Sui blockchain.
Turn $368 into $2M in just 3 days!This guy spent 198 $SUI($368) to buy 253.5M $HIPPO(memecoin on #Sui) 3 days ago and sold 119.6M $HIPPO for 175K $SUI($325K), leaving 133.9M $HIPPO, worth $1.7M!This guy made ~$2M on $HIPPO in just 3 days!https://t.co/MuVQhpVOCJ pic.twitter.com/pFeNnJvuj3
— Lookonchain (@lookonchain) October 2, 2024
Read Also: Can SUI Token Overtake Solana (SOL) This Bull Run?
They detailed the process: three days ago, this investor purchased 253.5 million $HIPPO tokens. He sold 119.6 million of those tokens for 175,000 $SUI, which amounted to approximately $325,000. This left him with 133.9 million $HIPPO tokens, now valued at around $1.7 million.
In total, this trader made a profit of nearly $2 million from his initial investment in the $HIPPO memecoin within a mere three days.
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The post Investors Flips $368 to $2 Million in 3 Days Trading This SUI Meme Coin: Here’s How appeared first on CaptainAltcoin.
