A mysterious trader has made a 3,100 percent gain by selling the 150,000-wide altcoin for 6.44 million in just two months.
A memecoin hunter made a 42x profit from a token called SPX6900 (#SPX ) by purchasing 150,000 units two months ago. According to information verbally conveyed by on-chain data platform Spot On Chain, the trader bought 7.793 million SPX tokens for $153,000 between July 31 and August 15. With SPX's rapid rise in recent days, the trader became a millionaire in two months.
SPX, on the other hand, left the $800 million market value of the token, which came to $0.089 at $0.0279. The memecoin hunter, who made money in a short time, started selling. So what is the latest situation in SPX, which has shaken the market in several markets?
The trader who made 42x in Memecoin has started to enter the market. The unstoppable peak of SPX continues to attract the attention of memecoin traders. However, the mysterious investor who made a 3100 percent profit from SPX has started selling. The trader who converted 793,092 SPX to 280.5 Ethereum has only 7 million SPX ($5.91 million) left in his hands.
SPX is trading at $0.7960 as of the writing of the news. The popular memecoin, which has a structure of $741.1 million, has $10.3 million in liquidity. The Market Value / Liquidity comparison for SPX shows that the risks still continue. SPX, which is especially highlighted on social media platforms, can put its investors in trouble with its volatile price movements. It is useful to be careful not only in this parity but also in other memecoins.
