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Home»ALTCOIN NEWS»Here’s how a Memecoin trader grew $8,524 to over $12,800,000 in just a few weeks. On-chain data
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Here’s how a Memecoin trader grew $8,524 to over $12,800,000 in just a few weeks. On-chain data

By Crypto FlexsApril 25, 20242 Mins Read
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Here’s how a Memecoin trader grew ,524 to over ,800,000 in just a few weeks.  On-chain data
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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.”

Source: Lookonchain/X

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!”

video
Source: Lookonchain/X

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Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and transactions are entirely at your own risk and that you will be responsible for any losses you may incur. The Daily Hodl does not recommend the purchase or sale of any cryptocurrency or digital asset, and The Daily Hodl is not investment advice. The Daily Hodl engages in affiliate marketing.

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