The recent market correction has lowered the prices of major cryptocurrencies and prompted traders to turn to meme coins. By choosing this tactic, one crypto trader was able to make huge profits, which created additional excitement around this type of token.
Specifically, the investor spent 15.8 SOL (worth approximately $2,558) to buy 36.77 million RNT tokens. He then sold 606,000 RNT for 165 SOL (approximately $26,800), leaving himself with 36.17 million RNT, worth approximately $2.4 million
According to Lookonchain, on June 7, a successful trader created a new crypto wallet and began trading 12 meme coins. In 83% of cases he recorded a profit.
