Ethereum

2024

Shiba Inu

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 <p class="paragraph">The ongoing crypto market rally, despite being but a few months old, has already seen&nbsp; numerous exciting developments.&nbsp;</p>
 <p class="paragraph">Along with the major developments such as the approvals of Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs), the BTC halving, and a string of developments in the fight between Ripple Labs and the SEC, the bull run has featured multiple new all-time highs (ATH) for various cryptocurrencies, and the launch of many new coins and tokens.</p>
 <p class="paragraph">One crypto trader has seemingly scored a jackpot with a very new celebrity-themed token – Caitlyn Jenner (JENNER).</p>
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    <p lang="en" dir="ltr">$Jenner is live NOW on $ETH. Official contract address to <a rel="noopener noreferrer nofollow" title="trade" href="https://thebittimes.com/tag/trade.html">trade</a> now: 0x482702745260Ffd69FC19943f70cFFE2caCd70e9 pic.twitter.com/9Bz9DCFvqz</p>— Caitlyn Jenner (@Caitlyn_Jenner) May 30, 2024
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 <p class="paragraph">In the evening of May 29, the <a rel="noopener noreferrer nofollow" title="trade" href="https://thebittimes.com/tag/trade.html">trade</a>r used 1 ETH (~$3,717.54) to acquire nearly 430 million JENNER <a rel="noopener noreferrer nofollow" title="token" href="https://thebittimes.com/tag/token.html">token</a>s – a significant 43% of the total supply – per the data made available through <em>Etherscan</em>.</p>
 <figure class="wp-block-image aligncenter size-large"><img decoding="async" width="1024" height="453" src="https://cdn.thebittimes.com/images/2024/05/30/b96bc40cc706cf084183c3bd5e8f7e9c.webp" alt="" class="wp-image-179477" srcset="https://cdn.thebittimes.com/images/2024/05/30/b96bc40cc706cf084183c3bd5e8f7e9c.webp 1024w, https://cdn.thebittimes.com/images/2024/05/30/b96bc40cc706cf084183c3bd5e8f7e9c.webp 300w, https://cdn.thebittimes.com/images/2024/05/30/b96bc40cc706cf084183c3bd5e8f7e9c.webp 768w, https://cdn.thebittimes.com/images/2024/05/30/b96bc40cc706cf084183c3bd5e8f7e9c.webp 1536w, https://cdn.thebittimes.com/images/2024/05/30/b96bc40cc706cf084183c3bd5e8f7e9c.webp 1725w" sizes="(max-width: 1024px) 100vw, 1024px">
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   The address actively trading JENNER along with the three most recent trades at press time. Source: Etherscan
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 <p class="paragraph">Since then, the same trader offloaded 393 million JENNER for 89 Ether (~$330,000) across 91 transfers. By the time of publication on Thursday, May 30, they still hold approximately 16 million JENNER worth about $104,000, and no new trades have been recorded since around 10 PM EST.</p>
 <h2 class="wp-block-heading" id="h-crypto-community-continues-generating-rags-to-riches-stories">Crypto community continues generating rags-to-riches stories</h2>
 <p class="paragraph">The JENNER <a rel="noopener noreferrer nofollow" title="trade" href="https://thebittimes.com/tag/trade.html">trade</a>r is far from an isolated case in the ongoing bull market. A day ago, on May 29, Finbold reported that one crypto investor managed to multiply the value of his investment by a staggering 419 times by selling the popular meme coin Shiba Inu (SHIB) they have held for approximately three years.</p>
 <p class="paragraph">Additionally, back in March, one crypto trader managed to make as much as $1 million within minutes by trading the then-brand-new Solana (SOL) meme coin, Slerf (SLERF).</p>
 <p class="paragraph">Interestingly, however, while many investors have managed to make it big trading new cryptocurrencies, Slerf’s launch also serves as a cautionary tale, given that one of the persons behind it accidentally burned tokens worth approximately $10 million immediately upon launch.</p>
 <p class="paragraph">Elsewhere, old-fashioned scams also persist, as evidenced by an incident surrounding CondomSOL, the launch of which was marked by a classic rug pull that saw the team run off with about $1 million in loot.</p>
 <p class="paragraph"><strong><em>Disclaimer</em></strong><em>: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/crypto-trader-makes-488k-in-5-hours-trading-jenner-token-tbt90464.html">https://thebittimes.com/crypto-trader-makes-488k-in-5-hours-trading-jenner-token-tbt90464.html</a></p>

Crypto trader makes $488k in 5 hours trading Jenner token

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