A cryptocurrency trader increased his own profit by more than 6800 times thanks to a little-known cryptocurrency

Note: not an investment advice!

The trader managed to increase his deposit thousands of times by investing in meme-coin. According to the Lookonchain analytical service, he purchased 45.58 million 114 514 tokens for $ 321. Within 11 days, the value of the assets increased to $ 2.18 million, more than 6800 times the initial investment.

Despite this, the trader has not yet recorded a profit. At current prices, his tokens are valued at more than $ 1.1 million. However, users of social network X point out that the liquidity in the pool is only $ 854,000. According to the commentators, even a $ 50,000 sale could significantly crash the price of the asset.

This case once again demonstrates the high risks of investing in meme coins: they can generate extraordinary profits, but at the same time remain extremely unstable due to their low liquidity and speculative nature.

Earlier, we reported that an anonymous investor with a portfolio of $ 11 billion opened long positions worth $ 749 million on the growth of the three leading cryptocurrencies — Bitcoin, Ethereum, and Solana. The largest bet was on Ethereum: $ 598 million at $ 3147 with a liquidation level of $ 2143. The investor also invested $ 87.2 million in bitcoin with a target of $ 91,506 and $ 63.2 million in Solana with the expectation of growth to $ 130.1.

The No Worries editorial team strongly advises readers not to invest their own funds in dubious cryptocurrency projects and little-known digital assets!