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Investor Makes 32x Profit from Meme Coin KITTY Following Roaring Kitty's Return to X Platform
According to LookonChain: A timely investment in the meme coin KITTY resulted in a windfall for an astute investor, gaining a massive profit of 32 times his initial investment. The profit surge happened in the wake of YouTube Anchor Roaring Kitty's (@TheRoaringKitty) return to the X Platform, formerly known as Twitter.
Data from Lookonchain monitoring reveals that the meme coin KITTY's value skyrocketed by more than 6,000% following Roaring Kitty's reappearance on the platform. Before the noted YouTube anchor's tweet, a fortunate investor managed to purchase 17.4 million KITTY by spending 21.1 SOL, approximated at $3,000.
Following the meteoric rise in KITTY's value, the investor wisely sold 12.8 million KITTY and received an impressive 294 SOL or approximately $41,000. The investor still retains a holding of 4.6 million KITTY, which currently is worth about $56,000. Thus, his total profit from this trading incident stands at around $94,000, earning him a whopping 32 times the return on his investment.