Crypto Trader Makes $2.4 Million on 12 Meme Coins: Here’s How ♾️
A crypto trader recently made a $2.4 million profit by investing in 12 meme coins on June 7. During a market downturn, traders turned to meme coins to recover losses. Using the platform lookonchain, it was found that this trader created a new wallet and achieved an 83% win rate with coins like RNT, TOPG, and TATESOL.
For example, he bought 36.77 million RNT for 15.8 SOL ($2,558) and later sold 606K RNT for 165 SOL ($26.8K), leaving 36.17 million RNT valued at $2.4 million. This trend is notable among Solana-based assets, with another trader recently turning $800 into $657,000.
Overall, meme coins saw significant drops, with the market cap down 8% to $62.2 billion and trading volumes slightly above $9 billion. Despite losses in major meme coins like Dogecoin and Shiba Inu, some new tokens achieved gains of over 100%.
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