Crypto trader increased his profit on DADDY meme coin 385 times

Note: not an investment advice!

An unknown trader earned $ 266,600 on the DADDY meme-coin, increasing his deposit 385 times in three days. Lookonchain analysts drew attention to this case, noting that the user purchased 3.71 million DADDY for 4.5 SOL (about $ 728). Three days later, he sold all the meme coins for 1736.1 SOL ($ 267,400).

Analysts also noted that the trader invested 46 SOL in four meme tokens: DJT, FatNigga, FTRISTAN, and Donatella. However, he failed to make money on any of them. «Perhaps he was just lucky with the purchase of DADDY, but it is also possible that he is just a lucky insider,» Lookonchain emphasized.

Earlier, an insider trader earned $ 5.6 million on DADDY, which is promoted by Andrew Tate. The former kickboxer launched the meme token as a competitor to the MOTHER coin from singer Iggy Azalea. We would like to add that Ethereum co-founder Бутерін" href="https://noworries.news/biography/vitalij-buterin/" data-bio-id="3642">Vitalik Buterin criticized celebrities' experiments with meme tokens and called for a focus on projects aimed at public goods rather than enriching insiders.

No Worries strongly discourages readers from investing in dubious crypto projects and little-known digital assets!