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Cryptocurrency trader increased his profit 2090 times in just four hours

10:21 am, October 22, 2024

Note: not investment advice!

An unidentified trader was able to increase his deposit 2090 times in just four hours, turning $ 296 into more than $ 620,000 by trading the slop meme coin on the Solana network SOL $235.18 Solana 6.34% Market capitalization $111.01 billion VOL. 24 hours $1.76 billion . According to analytics company Lookonchain, the trader initially purchased 38.17 million slop tokens for 1.76 SOL, which was valued at $ 296 at the time.

Subsequently, he sold 29.78 million slop tokens for 2,412 SOL (approximately $ 405,000), leaving 8.39 million tokens in his account, which are currently valued at $ 215,000. Thus, the total profit amounted to more than $ 620,000.

Experts note that the trader has already traded more than 150 meme coins, but the total return on his investment was only 21.19%. The deal with the slop token allowed him to compensate for all previous losses. In the comments to the analysis, one of the panelists noted that such successes occur in only 1% of cases, while most traders lose money on meme coin trading.

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

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ETH

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BNB

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XRP

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SOL

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