Altcoin Investor Who Traded with GameStop News Made Millions!
An investor earned a large amount of profit thanks to the rise of the meme coin due to the GameStop effect.
According to data provided by on-chain analysis platform Lookonchain, an investor made a profit of $1.37 million in a short time thanks to Solana-based meme coin GME.
The data revealed that the investor in question purchased 3.5 million GME for $43 thousand at $0.01226. What motivated the investor was the post made by Wall Street hero TheRoaringKitty.
In his post on Reddit on June 3, TheRoaringKitty stated that he held $181.4 million worth of GME shares and call options.
After this post, meme coim GME, which imitates GameStop, experienced a 300% increase in a short time.
The investor, who took advantage of the rises that occurred after this news spread in a short time, still did not make any sales, but his total profit reached 1.37 million dollars.
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