💸 TRADER MAKES $800K ONE HOUR AFTER SOLANA MEMECOIN PURCHASE! 🚀📈
In a jaw-dropping move, a savvy trader turned an $8,500 investment into an $800,000 profit in just one hour by buying and selling a Solana-based memecoin, “CTO.” 🌟🤑
🔍 On August 1, blockchain analytics platform Lookonchain highlighted the trader’s strategic play. The individual snapped up over 256 million CTO tokens with just 50 Solana (SOL) tokens. Remarkably, this trader was only the third to purchase the memecoin. Within an hour, they offloaded 227 million tokens for 4,771 SOL, netting a staggering profit. 📊💰
💬 While some credit the trader as a memecoin guru, others speculate about insider knowledge. The trader also scored an impressive $104,000 profit from a $3,400 investment in another token, PFI. 🕵️♂️💡
📉 Meanwhile, the broader memecoin market is facing a downturn. Major tokens like Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) have experienced notable losses. Over the past week, DOGE fell by 10.38%, PEPE dropped 12.74%, and Dogwifhat (WIF) suffered the largest decline at 26.79%. Other dog-themed tokens like FLOKI and BONK also saw their values drop by over 10%. 📉📉
🛡️ In contrast, Shiba Inu (SHIB) displayed some resilience with a smaller 6.51% drop despite a challenging July. The token's decline was partly due to the WazirX hack on July 18, where $235 million worth of cryptocurrencies, including $100 million in SHIB tokens, were stolen. Analysts suspect North Korean hackers were behind the breach. 🔍🛡️
Is this luck or normal?
Stay tuned for more updates on memecoin trends and market shifts! 📈🔮
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