A cryptocurrency trader managed to increase his investment in digital tokens 4900 times

Editor’s note: NOT investment advice!

An anonymous cryptocurrency trader turned his small investment of $ 30 into an impressive $ 147,000. Thus, the owner of digital assets increased his profit by 4906 times.

According to Lookonchain, a blockchain analysis service, the success was achieved through a high-risk, high-reward strategy that involved investing in meme coins, a subset of the crypto market known for its extreme volatility.

The trader diversified his investments in meme coins by investing 0.1, 0.2, or 0.3 SOL tokens in each meme coin. Analysts noted that he «won» his lottery ticket with the $AGORA coin by buying $ 30 worth of tokens and then selling 2 million of them for $ 100,000. The trader also purchased 959,000 $MILK tokens worth $ 47,000, which he has not yet sold.

Amid the recent cryptocurrency market downturn, according to Lookonchain, Solana’s whales have been actively buying meme coins on KuCoin and Binance when prices started to fall. Among the meme coins bought were Slerf ($SLERF), Book of Meme ($BOME), and Jeo Boden ($BODEN).

The No Worries editorial team informs you that this article is for informational purposes only. We strongly advise readers NOT to invest their own funds in dubious crypto projects or in digital assets with high volatility!