Investors often bet on memecoins in hopes of quick profits. While these investments can sometimes result in large losses, this particular story led to incredible success and million-dollar gains.
From $96 to $3 Million
According to Lookonchain, a savvy trader managed to turn an investment of just $96 into $3 million within a year.
,,What can you do with $96?
This guy made over $3 million with just $96, a 32,000x return!
He spent only 0.052 ETH ($96) to buy 608,650 TRUMP on August 12, 2023 and started selling TRUMP at a profit 6 hours ago.
So far, he has sold 6,000 TRUMPs for 11.4k ETH (worth $30k), leaving 594,564 TRUMPs (worth $3.06m)"
Investment in TRUMP Tokens
This trader, who accurately predicted the impact of the U.S. elections, invested in the #TrumpToken from the PolitiFi platform. On August 12, 2023, they purchased 608,650 TRUMP tokens for only $96.
Million-Dollar Profits
Following a recent surge in value, the trader began selling some of their TRUMP tokens. They first sold 6,000 tokens for $30,000. Despite this, the trader still holds TRUMP tokens worth $3.06 million, making this one of the most successful trades in recent times.
This story demonstrates that with well-timed investments, memecoins can bring huge profits, although they come with high risks.
What Do You Think?
What’s your opinion on such quick investment returns? Have you had any experiences with memecoins, or would you never consider investing in them? Share your thoughts with us in the comments!
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,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
