Solana

Memecoin

Bull Market

Base

<p>A crypto trader managed to turn a modest $7,000 investment into $600,000 in just 24 hours by trading a newly launched “base memecoin” on the Solana blockchain. The trader’s incredible gains were highlighted by the popular crypto analyst <a href="https://twitter.com/cyrilXBT/status/1773748354360766814?t=mi7qteAwwQJ7sBuZJrBRwA&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">Cyril (@cyrilXBT) </a>on X.</p>
<p>The memecoin in question, dubbed $PAT, was one of the hottest Solana-based plays to launch in the past 24 hours. According to Cyril’s analysis, the trader was among the first movers, purchasing 168.9 million $PAT tokens for just $7,200 merely an hour after the coin’s launch.</p>
<p>Within the first hour of trading, $PAT’s market capitalization skyrocketed to $7.5 million before experiencing a brief dip to under $3 million. However, the momentum quickly picked up again, propelling $PAT to an all-time high market cap of $9.51 million a couple of hours later.</p>
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<p>The trader expertly capitalized on this volatility, securing an initial profit of $2.19 million. As the price surged further, the trader continued to seize opportunities, ultimately riding the wave to an incredible peak before $PAT’s market cap settled back down to $3 million at the time of Cyril’s analysis.</p>
<p>The final tally of the trader’s exploits is nothing short of astonishing. Starting with a modest $7,200 investment, the trader managed to sell a portion of their holdings for $100,300, netting a realized profit of $93,100. Additionally, the trader still holds $14.3 million worth of unsold $PAT tokens, representing an unrealized profit of $512,000.</p>
<p>While such incredible gains are certainly remarkable, it is important to note that trading cryptocurrencies, especially highly volatile <a class="wpil_keyword_link" href="https://captainaltcoin.com/meme-coins/" title="memecoins" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">memecoins</a>, carries substantial risks. Traders are advised to exercise caution, conduct thorough research, and never invest more than they can afford to lose.</p>
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<p>The post <a href="https://captainaltcoin.com/how-a-trader-turned-7k-into-600k-in-24-hours-investing-in-this-base-memecoin/" rel="noopener noreferrer nofollow">How Trader Turned $7K into $600K in 24 Hours Investing in This Base Memecoin</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

How Trader Turned $7K into $600K in 24 Hours Investing in This Base Memecoin

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