$$$ The world of digital currencies is not without risks and even profits. News has spread that a trader invested $140 to become $450,000. We will talk about this today in the latest news about digital currencies.
In details of traded investments ranging from $140 to $450,000, one buyer of the new meme coin “Pochita” on the Solana network was able to convert $140 to $450,000 in less than 24 hours and still holds onto most of the coins.
The coin emerged and quickly rose in value after a well-known coin owner associated with the Bank coin, Ali Solana, adopted a new coin resembling a fluffy dog named “Pushita” on Wednesday. The man has inspired a number of cryptocurrency enthusiasts to create a wide range of dog-inspired currencies, and Pushita has emerged as a winner in this context.
Details of a traded investment of $140 that turns into $450,000.
An anonymous investor using a wallet starting with “AjwF” traded 1 Solana ($140 at the time) of the coin just a minute after it launched on the Pump.fun platform. He was the 19th person to buy more than 0.05 Sol ($7) worth of the “pushita” coin, representing a relatively large bet on the emerging currency.
The investor continued to buy and sell coins, including the new Pushit coins, but held onto the coin for unclear reasons amid the initial chaos.
Almost 24 hours later, the market value of the Pushita coin has risen to $22 million, while the discarded coins have not increased at all. As a result, according to DEX Screener, the exchange of 1 Solana of this coin is now worth more than $450,000, after “AjwF” sold only $450 within a few hours of the initial purchase. This makes the trader the largest holder of the “Pushita” token with a share of 2.18% of the total supply.
A traded investment of $140 turns into $450,000.
Commenting on the $140 trading investment turning into $450,000, blockchain data analytics firm Babel Maps said there were no clear links between the early buyers in the chain and that most had already sold their currencies amid the rally. This is often taken as a sign that the currency is not controlled by insiders, although the company cautioned that it is impossible to be 100% sure at this stage.
However, the 2.18% supply means that the big winner of the Pochetta coin could have a significant impact on the price if they decide to sell their coins. It is important to note that "AjwF" will not receive the full market value of their coins if they decide to sell all at once. As a result of holding a significant portion of the total supply, there will be significant price slippage.
This may explain why the investor begins to split his money into different portfolios. Now that the funds are stored in five separate wallets, the trader carefully distributes his funds, looking for the perfect opportunity to sell.
