This Dealer Made Over $3 Million in Much less Than Three Days

TL;DR

• A dealer remodeled $3 million from investing in various kinds of meme cash.
• Whereas some buyers have achieved life-changing earnings from such actions, the sector’s infamous volatility additionally poses vital dangers of losses.

The meme coin sector continues to spew tokens that have substantial worth will increase in a brief time period, thus providing buyers the possibility to make substantial earnings. Lookonchain revealed the case of 1 such dealer who generated over $3 million in lower than three days.

The mysterious individual initially invested 9,894 SOL within the latest Solana-based meme coin, Slerf (SLERF). As a result of asset’s worth appreciation, the dealer’s return equaled 25,001 SOL, that means a revenue of 15,107 SOL.

The investor then distributed 2,122 SOL to SNAP ($NAP), profiting 2,799 SOL. The opposite two meme cash they handled embrace NOSTALGIA (NOS) and NIBBA (NIBBA).

The overall revenue of all transactions equaled 19,205 SOL, price roughly $3.5 million (as of the second of writing these traces).

In lower than 3 days, a sensible dealer made 19,205 $SOL($3.34M) by buying and selling #MEMEcoins!

He traded 4 #MEMEcoins and made cash on each!https://t.co/o4b5J6iKcX pic.twitter.com/XK5y73qVa9

— Lookonchain (@lookonchain) March 19, 2024

This isn’t the primary latest case the place an investor made life-changing earnings as a result of delving into the ecosystem of a sure meme coin. 

As CryptoPotato reported, one investor remodeled $1.5 million throughout SHIB’s newest bull run, whereas one other was sitting on a paper revenue of $5.3 million after distributing funds to dogwifhat (WIF).

However, there are quite a few examples of merchants who’ve skilled devastating losses because of the notorious volatility of the asset class. These prepared to keep away from some frequent errors when coping with meme cash ought to watch our devoted video under: