According to Lookonchain data, an investor managed to increase his $115,000 capital to $3.9 million in just 20 days through memecoin trading on the Base network.
According to data provided by the blockchain analysis platform Lookonchain, an investor managed to increase his initial capital of $ 115,000 to $ 3.9 million in just 20 days with transactions on the Base network. He achieved this huge profit, especially through memecoin purchases and sales, and made significant profits on projects such as AIXBT, SAINT, VADER.
The investor, who started transferring funds to the Base network on November 10, made huge profits with memecoin trading. According to Lookonchain data, the investor made about $3 million (34 times) in profit from AIXBT, $360,000 (34 times) from SAINT, and $333,000 (24 times) from VADER.
The investor spent 30,000 VIRTUAL (about $10.6 thousand) and received 9.17 million SAINT. The profit from this transaction, although not yet realized, increased by 3386% and reached $360 thousand.
He also bought 6.45 million VADER with 24,000 VIRTUAL (about $13.7 thousand). The profit from this transaction increased by 2428% to $333 thousand.
The investor spent 235,141 VIRTUAL (about $88.5 thousand) to buy 14.93 million AIXBT. He sold some of these assets and earned $400 thousand, and the remaining 12.97 million AIXBT is now worth about $2.7 million.
Finally, the investor purchased 10,197 SPECs by spending 150,000 USDC.
Lookonchain noted that the investor made a huge fortune in a short time with strategic transactions on the Base network. However, analysts emphasized that such transactions usually carry high risk and similar gains are not experienced often.