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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-<a rel="noopener noreferrer nofollow" title="trade" href="https://thebittimes.com/tag/trade.html">trade</a>d 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 <a rel="noopener noreferrer nofollow" title="token" href="https://thebittimes.com/tag/token.html">token</a>s.</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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    </path> <path d="M15.996 18.6668L20.4626 14.2815C20.738 14.0166 20.9571 13.6989 21.1068 13.3473C21.2564 12.9957 21.3336 12.6176 21.3336 12.2355C21.3336 11.8534 21.2564 11.4752 21.1068 11.1236C20.9571 10.7721 20.738 10.4543 20.4626 10.1895C19.9074 9.64148 19.1587 9.33422 18.3786 9.33422C17.5985 9.33422 16.8498 9.64148 16.2946 10.1895L15.996 10.4801L15.6973 10.1881C15.1423 9.64023 14.3938 9.33301 13.614 9.33301C12.8341 9.33301 12.0856 9.64023 11.5306 10.1881C11.2552 10.453 11.0361 10.7707 10.8865 11.1223C10.7368 11.4739 10.6597 11.852 10.6597 12.2341C10.6597 12.6162 10.7368 12.9944 10.8865 13.346C11.0361 13.6975 11.2552 14.0153 11.5306 14.2801L15.996 18.6668Z" fill="#EF4444"> 
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    <p lang="en" dir="ltr">$Jenner is live NOW on $ETH. Official contract address to trade 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 trader used 1 ETH (~$3,717.54) to acquire nearly 430 million JENNER tokens – 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="trader" href="https://thebittimes.com/tag/trader.html">trader</a> 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 <a rel="noopener noreferrer nofollow" title="trading" href="https://thebittimes.com/tag/trading.html">trading</a> new cryptocurrencies, Slerf’s launch also serves as a cautionary tale, given that one of the persons behind it accidentally burned <a rel="noopener noreferrer nofollow" title="token" href="https://thebittimes.com/tag/token.html">token</a>s 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-turns-1-eth-into-488-000-in-5-hours-trading-this-token-tbt90481.html">https://thebittimes.com/crypto-trader-turns-1-eth-into-488-000-in-5-hours-trading-this-token-tbt90481.html</a></p>

Crypto trader turns 1 ETH into $488,000 in 5 hours trading this token

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