Trader increased profit 340 times on Franklin cryptocurrency transactions

Editor’s note: not investment advice!

An anonymous trader has increased his capital 340 times, turning $ 716 into about $ 244,000 in just a week thanks to successful speculation with the Franklin (FRANKLIN) meme-coin. This was reported by Lookonchain analysts who tracked the investor’s transactions on the blockchain.

According to their data, the trader purchased 16.3 million FRANKLIN tokens for $ 716. After a while, he sold 4.8 million tokens for about $ 20,500, fully recouping his initial investment. He still has 11.5 million tokens in his wallet, with a market value of more than $ 224,000.

Thus, the total profit amounted to more than 340 times the initial investment amount, which is one of the most successful cases of the week in the meme coin market. According to analysts, the rapid growth of FRANKLIN is due to the speculative interest of the community and active discussion of the token on social media.

At the same time, experts remind that investments in meme coins remain high-risk. Such stories of quick profits are often accompanied by sharp drops when traders take profits en masse. Earlier, it was reported that another investor earned more than $ 100,000 in 30 minutes on similar tokens, while another trader lost $ 4 million in a month.

The meme coin sector continues to be a speculative magnet for crypto traders, but experts advise against investing significant amounts without realizing the risks — the volatility of such assets remains one of the highest on the market.

No Worries strongly advises readers not to invest in dubious crypto projects and little-known digital assets!