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<a href="https://bitcoinworld.co.in/this-trader-made-5-7-million-after-investing-30-solana-tokens-sol/" title="This Trader Made $5.7 Million After Investing 30 Solana Tokens (SOL)" rel="nofollow"></a>
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An anonymous trader turned a $2,220 investment of 30 Solana tokens (SOL) 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 <a href="https://twitter.com/lookonchain/status/1739569538583478590">Lookonchain</a>, 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.&nbsp; 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 In just 6 days, this trader made more than $5.7M with only 30 <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$SOL</a>($2,220)!<img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f631.png" alt="😱" class="wp-smiley" style="height: 1em; max-height: 1em;"> 
 A gain of over 2570x! 
 He spotted <a href="https://twitter.com/search?q=%24ANALOS&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ANALOS</a> 1 minute after it opened trading and spent 30 <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$SOL</a>($2,220) to buy 16B <a href="https://twitter.com/search?q=%24ANALOS&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ANALOS</a>. Then he sold 14.5B <a href="https://twitter.com/search?q=%24ANALOS&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ANALOS</a> for 3.45M <a href="https://twitter.com/search?q=%24USDC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$USDC</a> via multiple addresses over the past… <a href="https://t.co/jD17YOD5hJ">pic.twitter.com/jD17YOD5hJ</a> 
 — Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1739569538583478590?ref_src=twsrc%5Etfw">December 26, 2023</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
The deal happened in the first minute of trading opening in the liquidity pool of Raydium, a decentralized platform on Solana. 
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. 
See Also: <a class="row-title" href="https://bitcoinworld.co.in/telcoin-tel-plunges-40-following-telcoin-app-exploit/" aria-label="“Telcoin (TEL) Plunges 40% Following Telcoin App Exploit” (Edit)">Telcoin (TEL) Plunges 40% Following Telcoin App Exploit</a> 
Since the beginning of December, monthly active and new addresses on Solana have reached yearly highs amid rising SOL prices. 
On Dec. 24, the token rose 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. 
In December, there were already several cases of rapid enrichment of traders thanks to new tokens.&nbsp; 
Last week, an unknown user purchased 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). 
The post <a href="https://bitcoinworld.co.in/this-trader-made-5-7-million-after-investing-30-solana-tokens-sol/">This Trader Made $5.7 Million After Investing 30 Solana Tokens (SOL)</a> appeared first on <a href="https://bitcoinworld.co.in">BitcoinWorld</a>.

This Trader Made $5.7 Million After Investing 30 Solana Tokens (SOL)

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