BALLZ token owner increased his profit by 15,000 times in a few hours

Lookonchain analysts told the story of a trader who managed to turn $ 4 into more than $ 60,000 in a few hours. An unknown member of the crypto community invested in the BALLZ memecoin. The Lookonchain team shared the details of the trader’s transactions with its subscribers on the X platform.

According to experts, the lucky crypto community member had 0.025 Solana (SOL) worth $ 4 in his wallet. He spent this money to buy the BALLZ memecoin. In 5 hours, amid the rise in the cryptocurrency rate, the trader sold the coins for 428.15 SOL ($ 63,400). Thus, in just a few hours, the user increased his investment by 15,850 times.

Wolf Wif (BALLZ) is a memecoin of the crypto project of the same name. It is symbolized by numerous memes with a wolf. On the morning of March 11, according to geckoterminal, the coin spiked. At that moment, its growth exceeded 380,000%. After that, the cryptocurrency rate returned to previous levels.

Lookinchain subscribers are convinced that either the Wolf Wif developers themselves or insiders are behind the transactions. There is a version according to which the BALLZ pump was organized by fraudsters.

In early March, one of the largest cryptocurrency whales sold all $ 1.97 trillion of PEPE tokens he owned. The investor managed to make a profit of $ 3.49 million.