A trader increased his profit 515 times thanks to the LAUNCHCOIN token

Note: not investment advice!

An anonymous trader managed to turn an investment of $ 9075 into more than $ 4.7 million in just a month by investing in the LAUNCHCOIN meme coin on the Solana blockchain BTC $102,579.80 Bitcoin -0.67% Market capitalization $2.04 trillion VOL. 24 hours $1.38 billion . The Lookonchain analytical platform reported that the profit was more than 5000% - the initial capital increased 515 times. This is another example of a high-risk but potentially extremely profitable investment in the memtoken segment.

According to analysts, the trader purchased 20.3 million LAUNCHCOIN tokens, which at the time of publication were valued at $ 3.8 million. Despite the impressive market value, there are doubts about the possibility of withdrawing all the profit due to the limited liquidity of the asset. In addition, the sale of such a large volume of tokens can cause significant slippage, i.e., a drop in price during the transaction.

Discussions on social media platform X (formerly Twitter) indicate that despite a large profit in one project, the trader also had losing positions. Within the same wave of investments, he invested in several more memecoins, but two of them brought more than 90% losses, and another — minus 16%. The total losses in these cases are estimated at about $ 5000, but given the profit from LAUNCHCOIN, they remain insignificant.

The trader’s story is an example of a sharply contrasting result within one highly volatile strategy. It demonstrates that memecoins can generate super profits, but at the same time remain high-risk assets with unpredictable dynamics. Another important factor is limited liquidity, which prevents free exit from the position even in case of successful growth.

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