A Cryptocurrency Whale Turns $2,275 Into $2.26 Million Overnight

In a remarkable feat reported by analysts at cryptocurrency data provider Lookonchain, a crypto whale has managed to transform a modest investment into a fortune. The wallet known as sundayfunday.sol turned an investment of 13 SOL, or $2,275, into a staggering $2.26 million by trading the memecoin 1DOL. This incredible 993x profit was achieved in just 8 hours.

Interestingly, this isn't the first time sundayfunday.sol has made such a profitable move. Onchain data reveals that this wallet is also linked to BOME, another memecoin that has garnered significant attention and boasts a market value of $780 million.

Previously, sundayfunday.sol participated heavily in the BOME pre-sale, investing 421 $SOL , or $72,000. This investment secured the wallet 1.43 trillion BOME tokens, which at their peak were valued at $40 million.

Currently, BOME is trading 59% below its all-time high. Despite this, sundayfunday.sol remains the largest holder of $BOME , having sold 530 billion BOME tokens for $7.66 million after the coin's launch. The wallet still holds 894 billion BOME tokens worth $10.5 million.

While sundayfunday.sol has had significant success, it's important to note that most cryptocurrency users dealing with memecoins often face substantial losses.