Savvy

USDC

The Graph

Coin

<p>In a remarkable feat of crypto trading, an unnamed trader managed to turn an initial investment of $125.5K USDC into over $1.6 million in profits in just 14 hours. This windfall came from adeptly trading in the meme coin $WEN, a Solana-based meme coin that had just opened up for trading. The details of this lucrative trade were reported on X by <a href="https://twitter.com/lookonchain/status/1751076849843888565?t=njQVyDehCxh8_DvxhmkXzw&amp;s=19" target="_blank" rel="nofollow">@lookonchain.</a></p> 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="701" src="https://captainaltcoin.com/wp-content/uploads/2024/01/image-767-1024x701.png" alt="" class="wp-image-428572" srcset="https://captainaltcoin.com/wp-content/uploads/2024/01/image-767-1024x701.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-767-300x205.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-767-767x525.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-767-1536x1051.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-767-2048x1402.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-767-219x150.png 219w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-767-100x68.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-767-511x350.png 511w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-767-788x539.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-767.png 900w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure> 
<p><strong>Quick Profits in a New Token</strong></p> 
<p>According to @lookonchain, the unnamed trader first purchased 20 billion $WEN coins when the token started floating on exchanges. With his initial $125.5K USDC outlay, he was able to acquire a sizable position in this new offering. Just 14 hours later, he sold 12.5 billion of his $WEN coins and realized a profit of $682K USDC.</p>  
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0">
  <i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   Transform Hundreds Into Millions With the Magic of Memecoins – think $BONK, but bigger!
   <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f92b.png" alt="🤫" class="wp-smiley" style="height: 1em; max-height: 1em;">
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style> 
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px"> 
    <p>The key? Getting in early, especially during the IDO phase. <strong><a href="https://captainaltcoin.com/go/ll_inside/" target="_blank">Get in on NuggetRush</a></strong> now! This innovative memecoin blends play-to-earn gaming with real-world gold mining. Join soon to take advantage of the<strong><a href="https://captainaltcoin.com/go/ll_inside/" target="_blank"> current ICO prices</a></strong>!</p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div> 
 </div>
</div> 
<p>In addition to banking his quick six-figure profit, the trader continues to hold 7.6 billion $WEN coins currently valued at $941K USDC, as per @lookonchain. This remaining position represents an unrealized profit thus far of $941K. All told, his profits from this single deft trade total over $1.6 million.</p> 
<p>You may also be interested in:</p> 
<ul> 
 <li><a href="https://captainaltcoin.com/why-is-polkadot-dot-price-up-3/" target="_blank">Why Is Polkadot (DOT) Price Up?</a></li> 
 <li><a href="https://captainaltcoin.com/will-dogwifhats-wif-dethrone-bonk-as-top-solana-memecoin/" target="_blank">Will Dogwifhat’s WIF Dethrone BONK as Top Solana Memecoin?</a></li> 
 <li><a href="https://captainaltcoin.com/the-graph-grt-and-injective-inj-face-risks-of-further-decline-is-recovery-possible-meme-moguls-mgls-asserts-dominance-with-stage-5-presale/" target="_blank">The Graph (GRT) and Injective (INJ) Face Risks of Further Decline – Is Recovery Possible? Meme Moguls (MGLS) Asserts Dominance With Stage 5 Presale</a></li> 
</ul> 
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style=""> 
 <div class="col_wrap_two mb0"> 
  <div class="offerbox_big_wrap flowhidden"> 
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"> <a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="nofollow sponsored"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/Copy-of-P2P-Review-17-qi3pqhl3pi3mlojv8nq0upz5rcb68rblc7kuvhcaou.png" width="500" alt="Check NuggetRush ($NUGX)" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a> 
   </div> 
   <div class="product-summary col_item mobileblockdisplay"> 
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-ll_bottom-target-_blank-rel-nofollow-sponsored-span-check-nuggetrush-nugx-span-a"> <a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="nofollow sponsored"> <span>Check NuggetRush ($NUGX)</span> </a> </h3> 
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     Sponsored: Invest Responsibly, Do Your Own Research.
    </div> 
    <div class="buttons_col mb25 rh_big_btn_inline"> 
     <div class="priced_block clearfix"> 
      <div> <a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="nofollow sponsored"> Buy NUGX Today </a> 
      </div> 
     </div> 
    </div> 
    <div class="bigofferdesc">
     <i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Being in its <strong>ICO stage</strong>, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>A unique <strong>play-to-earn</strong> gaming platform in the memecoin market
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>The platform combines artisanal and <strong>gold mining</strong> with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Fosters a strong <strong>community </strong>by encouraging physical meetups among members
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i><strong>NFT</strong> Integration with Prominent Characters
    </div> 
   </div> 
  </div> 
 </div> 
</div> 
<p>The post <a href="https://captainaltcoin.com/how-savvy-trader-made-1-6m-in-14-hours-trading-this-solana-based-token/">How Savvy Trader Made $1.6M in 14 Hours Trading This Solana-Based Meme Coin</a> appeared first on <a href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

How Savvy Trader Made $1.6M in 14 Hours Trading This Solana-Based Meme Coin

Table of Contents

CaptainAltcoin

Other articles published on Jan 27, 2024

Data Collaboration Platforms Lead the Way in Unlocking Fine-Tuned AI Models

Google’s AI Focus Raises Concerns Amidst Companywide Changes

BlackRock and Other ETFs Are Catching Up With Grayscale: Research Analyst

Bitcoin – End of the tunnel in sight?

China advances digital yuan adoption in Beijing, Shanghai and Hong Kong

SEC Vs Binance: Joint Status Report Reveals Ongoing Discovery Disputes

Join our free newsletter for daily crypto updates!