Anonymous crypto trader earns $ 576,000 on GameStop pump

Note: not investment advice!

Analysts from Lookonchain found that an anonymous trader spent 200 Solana SOL $199.38 Solana 6.63% Market capitalization $94.02 billion VOL. 24 hours $0.83 billion worth about $ 29 thousand to buy 43.86 million GameStop tokens (GME). Against the backdrop of the coin’s growth, he sold 6.12 million GME for 400 SOL (about $ 58 thousand). Thus, the trader recouped his investment and received 200 SOL in net profit.

After that, the trader bought 4.14 million GME for 200 SOL and sold 11.88 million GME for 1,358 SOL (about $ 198 thousand) five hours later. His account is left with 30 million GME totaling approximately $ 378 thousand.

The rise in GME prices was caused by the return to X of the famous crypto blogger Roaring Kitty, who activated his account for the first time in three years. Lookonchain analysts believe that the trader, who successfully made money on cryptocurrencies, predicted the rise in GME’s value amid Roaring Kitty’s return and took advantage of the moment to buy tokens.

The No Worries editorial team notes that this article is for informational purposes only. We strongly advise readers not to invest in dubious cryptocurrency projects and little-known digital assets!