How a cryptocurrency owner made more than $ 1 million in profit in just a month

Editor’s note: not financial advice!

Thanks to the meme coin boom, which has led to a sharp rise in little-known tokens, new traders with record profits have emerged. In particular, the owner of the address 14c7fpS311NM2in8Q2jj7hXNwFcpYz5z3wyrSh3KwJn on Solana managed to earn more than $ 1.3 million by trading more than 350 memtokens.

According to Lookonchain’s report on the X platform, this trader achieved an impressive result in just a month. It is noteworthy that the largest profit was made from the TWTR coin. The trade started with an initial investment of 6 SOL, which brought in 2066 SOL, which is over 34 000% profit. This alone brought the user a profit of $ 360,500, given the price of $ 175 per SOL.

Analysts have identified 9 other most profitable memecoin trades by the trader. The NOSTALGIA cryptocurrency brought a profit of 1,230 SOL worth $ 215,250, and Solstream brought 779 SOL ($ 136,325). The other 7 meme coins brought the trader another 1610 SOL, which is estimated at $ 281,750.

According to experts, memo coins are not recommended assets for an ideal crypto portfolio. This class of cryptocurrencies lacks strong fundamentals to sustain any acquired demand in the long run. Financial experts usually describe the risks of speculating with memtokens in accordance with the «Great Fool’s Theory».

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