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<p>A savvy trader has reportedly made a killing by expertly navigating the launch of a new memecoin called FOXY. According to blockchain analysis from<a href="https://twitter.com/lookonchain/status/1778727365394469280?t=6Q3MusGOwrl-7PZWF260GA&amp;s=19" target="_blank" rel="noopener noreferrer nofollow"> Lookonchain,</a> this trader managed to turn an initial investment of around $1.16 million into a staggering profit exceeding $1 million in less than two hours.</p>
<p>The trader, operating under the pseudonymous wallet address “0x348a,” methodically prepared for the FOXY launch days in advance. As early as three days prior, the cryptocurrency exchange OKX announced that it would list FOXY for spot trading on April 12, 2024, at 8:00 AM UTC.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="502" src="https://captainaltcoin.com/wp-content/uploads/2024/04/image-633-1024x502.png" alt="" class="wp-image-473713" srcset="https://captainaltcoin.com/wp-content/uploads/2024/04/image-633-1024x502.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-633-300x147.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-633-767x376.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-633-1536x753.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-633-2048x1004.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-633-306x150.png 306w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-633-100x49.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-633-714x350.png 714w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-633-788x386.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-633.png 900w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>With meticulous planning, the trader created a new wallet and ensured they had the necessary funds ready two hours before trading opened. When FOXY went live, they swiftly deployed 330 Ethereum (ETH), worth approximately $1.16 million at the time, to purchase a massive haul of 117.32 million FOXY tokens.</p>
<p>The real coup, however, came in the trader’s next move. Within the same frenzied trading window, they offloaded 57.32 million FOXY tokens on-chain, raking in 336 ETH (around $1.18 million). Not content with those impressive gains, the trader then deposited the remaining 60 million FOXY tokens, valued at approximately $1.08 million, into the OKX exchange.</p>
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   Explosion in Meme Coin Market; How to find potential successors to $WIF, $PEPE, and $BONK? <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f92b.png" alt="🤫" class="wp-smiley" style="height: 1em; max-height: 1em;">
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    <p>The key? Getting in early, especially during the <strong>ICO phase</strong>. Check out <a href="https://captainaltcoin.com/go/ll_inside/" target="_blank" rel="noopener noreferrer nofollow"><strong>NuggetRush</strong></a> today! This new memecoin combines play-to-earn gaming with authentic gold mining ventures. <a href="https://captainaltcoin.com/go/ll_inside/" target="_blank" rel="noopener noreferrer nofollow"><strong>Seize the opportunity</strong></a> with ongoing presale prices! Plus, prepare for $NUGX’s upcoming launch on major exchanges.</p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
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<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="464" src="https://captainaltcoin.com/wp-content/uploads/2024/04/image-634-1024x464.png" alt="" class="wp-image-473721" srcset="https://captainaltcoin.com/wp-content/uploads/2024/04/image-634-1024x464.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-634-300x136.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-634-768x348.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-634-1536x696.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-634-2048x928.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-634-331x150.png 331w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-634-100x45.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-634-772x350.png 772w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-634-788x357.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-634.png 900w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>In the end, this daring trader’s total profit from the FOXY <a class="wpil_keyword_link" href="https://captainaltcoin.com/meme-coins/" title="memecoin" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">memecoin</a> launch exceeded an eye-watering $1 million, all within a mere two-hour trading frenzy. While such windfall profits are the exception rather than the norm, this trader’s shrewd maneuvering and timely execution serve as a testament to the potential rewards – and risks – of navigating the volatile memecoin market.</p>
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    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Being in its <strong>ICO stage</strong>, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>A unique <strong>play-to-earn</strong> gaming platform in the memecoin market <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>The platform combines artisanal and <strong>gold mining</strong> with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Fosters a strong <strong>community </strong>by encouraging physical meetups among members <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i><strong>NFT</strong> Integration with Prominent Characters
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<p>The post <a href="https://captainaltcoin.com/how-savvy-trader-made-1m-trading-this-newly-launched-memecoin-on-okx-exchange/" rel="noopener noreferrer nofollow">How Savvy Trader Made $1M Trading This Newly Launched Memecoin on OKX Exchange</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

How Savvy Trader Made $1M Trading This Newly Launched Memecoin on OKX Exchange

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