Here’s How Memecoin Investor Turned $296 Into $620K in 4Hrs 🚀
$SOL 🧧🧧🧧
The crypto trading industry is growing exponentially, as the bull’s dominance is pushing cryptos these days. These bulls wave and the crypto investors making significant returns are part of the ongoing Uptober crypto market rally. Interestingly, this began with the Bitcoin price surge, which pushed the user’s sentiments toward greed, favoring ongoing surges. More importantly, the meme-themed cryptocurrencies began following an uptrend. As a result, one memecoin investor turned $296 into $620K in Slop within just four hours.
This tale of a profitable crypto trading event began with the memecoin investor investing $296 to buy a less popular memecoin Slop. He spent 1.76 SOL, equivalent to $296, to buy 38.17M $slop and sold them within four hours to gain heavy returns. He dumped a major portion of the total holding token, where he sold 29.78M tokens for 2,412 $SOL worth $405K, which was an impressive increase in such a short space. The investor still holds 8.39M tokens, making an additional $215K.
This experience came to attention when Lookonchain, a popular analytics platform, posted on X, calling the trader a Memecoin hunter. Interestingly, the post also revealed that the memecoin investor has traded in more than 150 meme-themed cryptocurrencies. However, the win rate is not that impressive, presently at 21.19%, indicating frequent losses. However, with this token surge and making $620K in four hours, he has covered all the previous losses with these new gains.
Now, with the ongoing Bitcoin price rally and the user’s sentiments exhibiting gree, the gains might rise for the investor as well.
