Cardano

Solana

Millions

Show

Billion

<p>Crypto analytics firm LookOnChain just <a href="https://x.com/lookonchain/status/1754028130510225414?s=20" target="_blank" rel="noopener noreferrer nofollow">reported</a> an incredible gain made by one trader on the Solana blockchain. In just a short period of 5 hours, this trader turned $1,758 worth of Solana (SOL) into a staggering $703,000.</p>
<p>The trader accomplished this by getting involved very early with a new token launch on Solana called FartCaster. When the token was first deployed and opened up for trading, the trader spent 18 SOL to acquire 55.1 billion FartCaster tokens. This represented 55.1% of the total supply that had been minted at that time.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="458" src="https://captainaltcoin.com/wp-content/uploads/2024/02/image-133-1024x458.png" alt="" class="wp-image-432157" srcset="https://captainaltcoin.com/wp-content/uploads/2024/02/image-133-1024x458.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-133-300x134.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-133-766x343.png 766w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-133-1536x688.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-133-2048x917.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-133-335x150.png 335w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-133-100x45.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-133-782x350.png 782w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-133-788x352.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-133.png 898w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>By acquiring over half of the total supply in the first block of trading, the trader was able to have huge influence over the price. With such a large percentage of the available tokens, the trader essentially set the opening price.</p>
<p>Over the next 5 hours, as more buyers came into the new FartCaster market, the price rose significantly. The trader then made the decision to sell off 53.94 billion of their FartCaster holdings, netting them an incredible 7,197 SOL in the process.</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" rel="noopener noreferrer nofollow">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" rel="noopener noreferrer nofollow"> 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>At the time the SOL was worth around $97 each. So the trader turned their initial $1,758 investment into roughly $703,000 by selling at the peak of this new token’s launch pump. They still hold onto 1.16 billion FartCaster tokens as well, valued at around $27,000 based on the current price.</p>
<p>This is an amazing example of the potential gains that can be achieved by getting very early access to new blockchain projects and token releases. With perfect timing and positioning, an initial investment of under $2,000 turned into over $700,000 in profit for this savvy Solana trader within just 5 hours.</p>
<p>You may also be interested in:</p>
<ul>
 <li><a href="https://captainaltcoin.com/why-is-arcblocks-abt-surging-how-much-would-1000-investment-in-the-token-be-worth-at-1-billion-market-cap/" target="_blank" rel="noopener noreferrer nofollow">Why Is Arcblock’s ABT Surging? How Much Would $1000 Investment in the Token Be Worth at $1 Billion Market Cap?</a></li>
 <li><a href="https://captainaltcoin.com/if-cardano-mirrors-the-2020-path-heres-when-ada-might-peak/" target="_blank" rel="noopener noreferrer nofollow">If Cardano Mirrors the 2020 Path, Here’s When ADA Might Peak</a></li>
 <li><a href="https://captainaltcoin.com/solana-sol-holder-moves-over-50-ethereum-eth-into-revolutionary-pushd-presale-which-is-now-still-only-0-08/" target="_blank" rel="noopener noreferrer nofollow">Solana (SOL) Holder Moves Over 50 Ethereum (ETH) Into Revolutionary Pushd Presale Which Is Now Still Only $0.08</a></li>
</ul>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/Copy-of-P2P-Review-17-qi3pqhl3pi3mlojv8nq0upz5rcb68rblc7kuvhcaou.png" width="500" alt="Check NuggetRush ($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-noopener-noreferrer-nofollow-span-check-nuggetrush-nugx-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <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="noopener noreferrer nofollow"> 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-one-trader-made-703000-solana-with-just-1700-in-5-hours/" rel="noopener noreferrer nofollow">How One Trader Made $703,000 Solana With Just $1,700 in 5 Hours</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

How One Trader Made $703,000 Solana With Just $1,700 in 5 Hours

Table of Contents

CaptainAltcoin

Other articles published on Feb 4, 2024

Ex-SEC Official Criticizes FTX’s Restructuring Plan

Chainlink prices rise 30% in 9 days – Is $20 the next target?

3 Contenders Hoping To Be The Next Bonk or Pepe

AI-inspired French Pastry – The Fusion of Creativity and Technology in French Cuisine

Unveiling The Power Of Auto-GPT: The Next-Generation AI Tool

Investment Shifts: How XRP’s Decline Favors Rebel Satoshi and MANTA’s Ascent

Join our free newsletter for daily crypto updates!