Solana

Coq Inu

April

An anonymous trader turned a $2,220 investment of 30 Solana tokens (<a href="https://crypto.news/price/solana/">SOL</a>) into over $5.7 million in just six days, achieving a staggering 2,570 percent return through a series of strategic trades. 
According to blockchain analysts Lookonchain, on Dec. 20, an unknown user purchased 16 billion ANALOS, a new meme coin based on the Solana with the spelling of the project upside down. The deal happened in the first minute of trading opening in the liquidity pool of Raydium, decentralized platform on Solana. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
 https://twitter.com/lookonchain/status/1739569538583478590 
 </div>
</figure> 
Subsequently, the trader then sold 14.5 billion ANALOS to several addresses for 3.45 million. In addition, 1.56 billion ANALOS ($2.34 million) remained in the trader’s four wallets, worth a total increase of 2,570%, netting the trader well over $5 million in profit. 
Since the beginning of the December, monthly active and new addresses on Solana<a href="https://crypto.news/solana-hits-records-for-monthly-new-and-active-addresses/"> have reached</a> yearly highs amid rising SOL prices. 
On Dec. 24, the token <a href="https://crypto.news/solana-flips-ripples-xrp-in-market-cap-sol-up-9/">rose</a> to $118 for the first time since April 2022. At the time of writing, the asset is trading at just above $114, up over 890% for the year, according to CoinMarketCap. 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="501" src="https://crypto.news/app/uploads/2023/12/Screenshot-2023-12-26-at-13.38.00-1024x501.png" alt="Trader earns $5.7m after investing 30 SOL - 21" class="wp-image-14231532">
 <figcaption class="wp-element-caption">
 Source: CoinMarketCap
 </figcaption>
</figure> 
In December, there were already several cases of rapid enrichment of traders thanks to new tokens. Last week, an unknown user <a href="https://crypto.news/user-turned-454-of-coq-tokens-to-2-19m-in-two-weeks/">purchased</a> the Coq Inu tokens (COQ) for $454 and earned $2.19 million in two weeks. 
Another trader earned more than $1.5 million on meme coins on the Solana network. That trader invested approximately $226,000 in Dogwifhat (WIF). 
 You might also like: <a href="https://crypto.news/solanas-market-cap-surpasses-50b-more-investors-longing/"> Solana’s market cap surpasses $50b, more investors longing </a>

Trader earns $5.7m after investing 30 SOL

crypto.news

Otros artículos publicados el 26 dic 2023

Second Foundation CIO Ben Hunt warns Bitcoin’s purpose under threat with spot ETFs

Daya Tarik Kripto Polygon (MATIC), Polkadot (DOT) dan Retik Finance (RETIK)

What’s Next for AXS: The Possibility of Sustained Uptrend and $30 Explosion

Surge in Mega Dogecoin Transactions Hints at Building Rally

Crypto recap: What went down today?

Top Upcoming SHIB Product List Revealed by Shiba Inu Team

¡Únete a nuestro boletín gratuito para recibir actualizaciones diarias de criptografía!