Meme Coin Profit from Investor in a Single Transaction: He Made Over 600 Thousand Dollars!

An investor made a lot of money in a short time thanks to the meme coin that bears the same name of the stock that famous trader Roaring Kitty became legendary for.

Keith Gill (Roaring Kitty), who became famous with the GameStop (GME) craze in 2021, returned to social media after three years and the booming meme coin GME made many investors happy.

According to the post of on-chain analysis platform Lookonchain on June 7, a trader earned 618 thousand dollars thanks to a single GME transaction.

The investor in question had purchased 135 million GME by spending 12,110 Solana (SOL) worth $2 million. Later, following the rise in price, the whale sold 118 million units of the relevant meme coin for an average of $0.01975 for $2.33 million.

The investor, who was left with 16.94 million GME worth 288 thousand dollars, made a profit of 618 thousand dollars. If the investor had sold when the GME price peaked, he would have made a gain of over $2 million.