Onchain Trader named Cheatcoiner turns his $500 into $1.5M with BALD token
Base Network, an #Ethereum Layer 2 (L2) chain, launched its Mainnet yesterday!
Shortly after the Base Network bridge was enabled, Cheatcoiner achieved a jaw-dropping feat by turning his initial $500 investment into a staggering $1.5M in just under 24 hours. The catalyst behind this phenomenal rise was the meme token called #BALD which is built on Base Network and astonishingly surged by a mind-boggling 3 MILLION percent within the same period.
Cheatcoiner's genius move involved purchasing 2% of the $BALD supply when it had a market cap of under $50K. However, the true turning point came on Sunday when the $BALD market cap skyrocketed to an astonishing $85M, bringing his total balance above $1.5M
As exciting as this success story is, it's important to exercise caution in the world of cryptocurrencies. While substantial gains can be made by identifying promising new projects early, it's essential to be aware of the risks associated with new launches, which could potentially lead to "Rugs" or "Honeypots."
Remember, this information is not financial advice! Always conduct your own research (DYOR) before making any investment decisions in the volatile world of cryptocurrencies.
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