đ Crypto Trader Turns $1,300 into $3.4 Million in Just 15 DaysâBut Is It Pure Luck? đ
A crypto investor has achieved the seemingly impossible, transforming a modest $1,300 investment into $3.4 million in just 15 days by betting on the meme coin Moo Deng (MOODENG). The hippo-themed token saw a mind-blowing 2,554x return, leaving the crypto community buzzing with excitementâand suspicion.
According to Lookonchain data, the trader bought 38.7 million MOODENG tokens on Sept. 10, using 9.8 Solana (SOL) worth $1,331 at the time. By Sept. 25, the explosive price surge had turned that small investment into a $3.4 million fortune.
However, with the MOODENG liquidity pool sitting at just $1.8 million, itâs unlikely the trader could cash out the entire sum without significantly impacting the tokenâs market price.
The dramatic profit spike has raised eyebrows, with some community members speculating insider trading or the involvement of a developer. Given the liquidity limitations, this meteoric rise seems suspicious to many, while others celebrate the trader's "lucky break" and hope to replicate such success themselves. This isnât the only recent story of jaw-dropping gains. On Sept. 26, Lookonchain uncovered another trader who turned a $95 altcoin bet into $96,900 in under 12 hours by trading INCEPT tokensâagain raising insider wallet suspicions.
While these quick wins capture attention, some crypto investors stick to the hodl strategy, and it's paying off. One Ethereum investor made a $131.72 million profit by holding 96,639 ETH purchased during the 2022 bear market for two years, weathering volatile market conditions. Whether itâs a stroke of genius or a product of insider moves, these massive gains highlight the unpredictable and sometimes controversial world of memecoin trading.
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