One skilled Memcoin trader is in the spotlight after turning $8,524 into $12,800,000 in a matter of weeks.
According to Lookonchain, a blockchain tracking company, one trader looking for I made huge profits by buying and selling the memecoin PEPE.
“jwynn.eth (@JamesWynnReal) spent $8,524 in the initial phase to purchase 2.83 trillion PEPE and sold 1.81 trillion PEPE for $4.57 million. He currently holds PEPE 1.25 trillion ($8.25 million) in three wallets. PEPE’s total profits are ~$12.8 million, or 1,503x profits!”
Look on chain too notice Another smart trader made huge profits by trading Book of Meme (BOME), a new memecoin launched on Solana (SOL).
“This trader made over $2 million trading memecoins! Not an insider! Let’s take a look at how real traders trade MEMCOIN…
He earned the most at BOME, earning over 6,495 SOL ($1.23 million). He used 300 SOL to buy BOME and sold it for 6,795 SOL. After Binance announced the listing of BOME, he spent 3,000 SOL to purchase BOME on a DEX (decentralized exchange), deposited it on Binance and sold it.”
Finally, Lookonchain notice A quick-thinking trader made more than $390,000 after the price of Renzo Protocol’s re-staked Ethereum token (EZETH) was unfrozen on April 24 before regaining price parity with Ethereum (ETH).
“czsamsunsb.eth earned 121.65 ETH in just 2 hours after EZETH (Renzo Retaked ETH) was depegged! He used 4,099 ETH to successfully buy 4,221 EZETH, giving him 121.65 ETH!”
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