One lucky trader is expecting huge profits after one Solana-based memcoin (SOL) soared more than 1,200% in just three weeks, according to blockchain data.
Blockchain tracking company Lookonchain claims that one participant in the Beer Coin (BEER) pre-sale made more than $1 million.
A BEER presale participant sold BEER and made a total of $1.3 million on BEER.
The man spent 301.2 SOL ($50,000) to participate in the pre-sale and received 3.38 billion BEER. He then exchanged 5.45 billion BONK ($192,000) for 1.86 billion BEER on May 26.
After BEER was listed on Gate. io, he invested $240 million ($120,000) in Gate. io to make a profit. He sold 4.6 billion BEER ($1.34 million) [June 14], leaving him with 400 million BEER ($109,000) and a total profit of over $1.3 million! "
On May 24, BEER was trading at $0000018, and at the time of writing it was trading at $0000245, meaning a gain of 1,261%.
Lookonchain also reports that the cryptocurrency killer is making huge profits on #PENDLE assets, which users can tokenize and sell for future gains.
On June 11, Whale made a profit by placing 755,000 PENDLEs ($3.83 million) on the #Binance exchange; on August 18, 2023, Whale withdrew 5.02 million PENDLEs ($2.73 million at the time) from Binance when their price was $0.54. He now has 4.27 million pendles ($21.7 million) left in his pocket, for a total profit of $22.8 million (+834%)! "
As of this writing, Pendle is trading at $4.93 and has dropped slightly in price over the past 24 hours.
Finally, Lookonchain reports that a crypto investor made a 1,110% profit in just eight days after buying tokens in Australian rapper Iggy Azalea's Mother Iggy (MOTHER) cryptocurrency venture.
Between May 29 and June 1, he spent $777,000 to buy 50.35 million MOTHER, which he still holds and is now worth $ 9.4 million.
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