Jeo Boden

dogwifhat

Solana

TRUMP

<div class="dailyhodl">
 One trader is seeing seven-figure profits on a Solana (SOL)-based memecoin that is up 51x year-to-date, according to on-chain data.
 Blockchain tracking firm Lookonchain notes that one trader purchased dogwifhat (WIF) in December 2023 and has racked up a 118,967% gain by making a series of strategic sales as the memecoin soared.
 <div class="code-block code-block-055f5289fd7e731bb72be7c5a19d18ed code-block-1">  
 </div>
 “Every time WIF goes up, this 1,000x winner sells part of WIF for profit. He spent only $5,879 to buy 6.1 million WIF ($23.7 million currently) on December 8th, 2023 and then sold 4.7 million ($1.57 million) successively. He still has 1.4 million WIF left, worth $5.47 million. His profit on WIF is ~$7 million, a gain of 1,197x!”
 <figure style="width: 100%" class="wp-caption aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GOvSnZxbgAAzoRH?format=jpg&amp;name=4096x4096" alt="Image" width="2776" height="1230">
 <figcaption class="wp-caption-text">
 Source: Lookonchain/X
 </figcaption>
 </figure>
 On January 10th WIF was trading at $0.069 and is trading for $3.53 at time of writing, a gain of over 51x.
 Lookonchain also notes that one trader is sitting on six-figure unrealized profits after buying in the past two weeks nearly 119,000 MAGA (TRUMP), the memecoin inspired by former president Donald Trump, who is running for president again.
 “The price of TRUMP has reached an all-time high again [May 29th]! Someone withdrew 1.16 million USDT from Binance and spent 1.15 million USDT to buy 118,671 TRUMP at an average price of $9.69 in the past two weeks. He has an unrealized profit of $540,000 on TRUMP currently.”
 <figure style="width: 100%" class="wp-caption aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GOvaev0acAIBTWw?format=jpg&amp;name=4096x4096" alt="Image" width="2782" height="1286">
 <figcaption class="wp-caption-text">
 Source: Lookonchain/X
 </figcaption>
 </figure>
 TRUMP is trading for $13.91 at time of writing, up more than 1% in the last 24 hours.
 Lastly, Lookonchain says one savvy trader has made a combined $41.38 million in profits trading WIF along with two other memecoins, Jeo Boden (BODEN), inspired by US President Joe Biden, and Bonk (BONK).
 “The smart money sold all 539,558 WIF for 11,708 SOL ($2 million) at a price of $3.70 [on May 28th]. He has realized profits of $24.1 million on WIF, $11 million on BODEN and $6.28 million on BONK.” 
 BONK is trading for $0.00003445 at time of writing, down 6.6% in the last 24 hours. Meanwhile, BODEN is trading for $0.30 at time of writing, down 3.5% on the day.
 
</div>
Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/trader-records-118-967-return-on-a-solana-memecoin-that-s-exploded-over-51x-year-to-date-on-chain-data-tbt90731.html">https://thebittimes.com/trader-records-118-967-return-on-a-solana-memecoin-that-s-exploded-over-51x-year-to-date-on-chain-data-tbt90731.html</a>

Trader Records 118,967% Return on a Solana Memecoin That’s Exploded Over 51x Year-to-Date: On-Chain Data

TheBitTimes

Outros artigos publicados em 31 de mai. de 2024

Anton Bukov’s insights into DeFi value flows

Boom.Lol Launches A Platform To Easily Create Meme Coins

3 Bullish Altcoins Predicted to Outshine Bitcoin (BTC) in June

Cometh partners with Transak to allow crypto purchases on layer 3 blockchain

BlockDAG Network Targets $20 Value by 2027 with Innovative Dashboard, Outperforming SHIB, & Immut...

Top 3 Cryptos to Hold for Long-Term Gains

Join our free newsletter for daily crypto updates!