🥶 A trader just turned 50 SOL into 2,828 SOL, equivalent to 531,000 USD in just 48 hours with this memecoin! 🚨 👇
According to cryptocurrency analytics platform Lookonchain, a Solana memecoin trader changed his position by investing 50 SOL to earn a staggering $531,000 in 48 hours.
Lookonchain's X (Twitter) post content: "Starting with only 50 SOL, this trader turned it into 2,828 SOL (worth 531,000 USD) in just 2 days! See how he did it ."
Notably, this trader appears to have drawn up a strategic plan before putting his money into the market. According to Lookonchain, this trader first discovered the MEW token 20 minutes after opening the trade and withdrew 50 SOL from the MEXC exchange to buy it.
Keeping with the above strategy, the trader then spent 30 SOL to buy 368.3 million $MEW tokens.
After 2 days, he sold nearly 200.2 million $MEW tokens in exchange for 2,828 SOL, equivalent to about 530,000 USD.
According to Lookonchain, the trader still owns 168.02 million $MEW tokens. Keeping the calculations simple, this trader must have made a total profit of nearly $877,000.
🎯 At the time of writing, SOL is trading at 188 USD, up 2.45% in the last 24 hours. Many Solana coins also increased sharply in the past 24 hours, with an increase of over 20% such as RAY, WIF, ...
