A lucky altcoin trader has recently opened an exclusive wallet and made a significant profit by trading meme coins. As per the famous on-chain analytics company Lookonchain, the trader traded up to 12 meme coins yesterday with the new wallet. Lookonchain offered insights into this incident on its official X account.
What a lucky trader!19 hours ago he created a new wallet to trade #MEMEcoin!He traded 12 MEMEcoins, with a win rate of 83%, and a profit of more than $2.5M!He was very lucky to buy $RNT and has a 957x profit!He spent 15.8 $SOL($2,558) to buy 36.77M $RNT, and sold 606K… pic.twitter.com/l0cZw0ddjT
— Lookonchain (@lookonchain) June 8, 2024
Altcoin Lucky Trader Gets $2.5M in Profit by Trading 12 Meme Coins
The respective trading provided a huge benefit to the lucky trader. According to Lookonchain, the trader had a substantial 83% win rate in trading the tokens. As a result of this, the trader took away a remarkable profit of up to $2.5 million. In this whole episode, the crypto token $RNT played a crucial role. According to the analytics firm, the trader purchased the $RNT coins, making him lucky in terms of gains.
Following purchasing $RNT, the token went through an enormous upsurge. Because of that massive jump in the value of the token, the trader received a lot of profit. As Lookonchain puts it, the lucky trader collected almost a 957x profit. Before that, the trader also utilized the $SOL tokens to purchase $RNT tokens.
The Trader Uses $SOL to Purchase $RNT Coins, Leading to a 957x Profit
The analytics company brought to the front that the trader spent nearly 15.8 $SOL tokens for that purchase. The respective tokens equal the amount of $2.558. With these coins, the trader reportedly bought 36.77 million $RNT coins. Apart from that, the lucky trader also traded approximately 606K $RNT tokens to buy 165 $SOL with a $26.8K worth. This left the trader with 36.17 million $RNT (equaling $2.4 million).