A news and insights provider on crypto, Lookonchain reports about this incident and mentioned that the trader has gained around 36,067x returns over his UFD investment.
UFD or Unicorn Fart Dust is a memecoin based on the Solana blockchain which was created by a boomer who is a gold and a silver maxi.
Some traders with good experience and knowledge about crypto trading strategies have gained a handsome profit.
Despite the nature of cryptocurrency being highly volatile, traders can be witnessed as highly interested in it. Trading any cryptocurrency requires a complex investment process along with various strategies, the right timing, recognizing opportunities, and many more to gain remarkable profits.
Clearing all the routes, there are some incidents where traders get heavy returns in just a short span of time. Recently, a crypto trader invested around $90 in a recently developed Solana meme coin and gained $3.25 million in profits after the token went up to 5,500%.
A news and insights provider on crypto, Lookonchain reports about this incident and mentioned that the trader has gained around 36,067x returns over his UFD investment. It is noteworthy that the profit is gained in a time span of just two days. After this incident, the industry is still in shock.
UFD or Unicorn Fart Dust is a memecoin based on the Solana blockchain which was created by a boomer who is a gold and a silver maxi. Soon after the $Fartcoin reached a market capitalization of $500 million, the creator decided to introduce his own memecoin to troll the crypto industry.
How was the year 2024 for traders?
This is not the first time that an investor has made such big returns, recently another whale has gained around 5 million from the PENGU airdrop. The whale accumulated 116.7 million PENGU from the PENGU airdrop and gained a significant profit.
In the beginning, the worth of the token was $394k, with a price of $0.003375. Apparently, the price for the same amount of tokens is $4.2 million as of now. This massive price growth is driven by a 630% jump since its launch on December 18, 2024. There are a lot more incidents that have driven significant profits.
Last month, Lookonchain reported that a trader purchased around 89.9 million $ELIZA tokens for 7.84 $SOL, holding a value of around $1,800 at that time. Shockingly, in just a couple of hours, they sold about 49.49 million $ELIZA for 7,091 $SOL, with a whopping price of $1.72 million.
At the beginning of this month, another trader converted $3,000 to $73 million by entering the Pepe market early, as reported by Lookonchain.
Conclusion
Cryptocurrency is an extensive industry including a major sector, Crypto trading, which eventually accelerates billions of trades. Some trades give significant profits, while others result in losses. This shows that unpredictability and volatility are other significant aspects of this industry, which makes trading even more challenging.
Some traders who have good experience and know about crypto trading strategies have gained a handsome amount of profit, similar to the abovementioned trader who invested in Unicorn Fart Dust (UFD) and converted his $90 to $3.25 million.
It is advisable to do good research along with some technical analysis before investing in order to draw an outstanding profit.
