Meme Coin Trader Records $3M Profit With ELIZA Trading Amid Launch Controversy
In an unprecedented turn of events, a meme coin trader garnered significant attention, trading the newly launched ELIZA token amid its launch controversy. On-chain data on Tuesday pointed out that a trader made a remarkable $3 million profit with the abovementioned token. Simultaneously, with another trader making massive trades amid the crypto’s recent launch, speculations of the token being controversial surface across the horizon.
Meme Coin Trader Makes $3M With ELIZA, Insider Or Smart Money?
According to data offered by Lookonchain on November 19, a meme coin trader turned $1.9K into $3.67M in just 2 hours, underscoring a staggering 1,925x return. Per the data, the address ExYQ spent 7.84 SOL, worth $1.9K, to buy 89.19 million ELIZA. Thereafter, the trader sold 49.49 million of the same token for 7,091 SOL, worth $1.72 million. Meanwhile, it’s noteworthy that the trader’s remaining holdings totaled 39.7 million coins, worth $1.95 million. Altogether, these trades reflected a remarkable profit-making strategy, garnering significant market attention to the token. In another similar chronicles, crypto whales took action amid the recent bull market to book massive profits. Notably, a crypto trader turned $33K into $12.2 million in just 24 days by trading the newly launched token ai16z. Moreover, another crypto whale nabbed a $6 million profit with MANTRA (OM). These profit-making strategies sparked significant market discussions amid a bullish crypto market.
On the other hand, another trader was recorded heavily dumping a token, thereafter funding the abovementioned token. As per an X post by the renowned crypto enthusiast Nate Rivers, the wallet address GxkX.. heavily dumped another token with the same name launched via vvaifu.fun platform, thereby funding the newly launched ELIZA. Scoping in on this trade swap, Nate tagged crypto investigator ZachXBT, anticipating a suspicious trade. Notably, the wallet address belongs to ai16zdao’s managing partner, Logan.
