During the recent memecoin craze, one trader was seen on-chain turning a $72,000 investment into over $30 million in just three days.
first reported According to blockchain tracking company Lookonchain, traders using the Solana (SOL) address “sundayfunday.sol” made huge profits buying and selling Book of Meme (BOME), a new memecoin launched on Solana last week.
According to Lookonchain, after securing a profit of $3.66 million, the company still has $26 million worth of BOME left over.
“sundayfunday.sol turned $72,000 into $30.2 million in just 3 days on BOME!
sundayfunday.sol was the largest BOME presale participant, spending 421 SOL ($72,000) to participate in the BOME presale and receiving 1.43 billion BOME (currently $30.6 million).
He sold 190 million BOME for 19,646 SOL ($3.66 million) to make a profit… There is 1.24 billion BOME ($26.57 million) left.”
During the same period mentioned by Lookonchain, BOME was listed on several large cryptocurrency exchanges, including Binance and Kucoin.
Look on chain too spotted This is an additional address for a 340x return on a $19,000 investment.
“BOME pre-sale participants sold all 347 million BOME for 34,647 SOL ($6.58 million), earning a 340x profit!
He only spent 102 SOL ($19,000) to participate in the presale and received 347 million BOME airdrops!”
While both traders made huge profits from their bets, the others were not able to hold BOME long enough to achieve the same exponential profits.
Lookonchain also reported the following Solana addresses: sold The BOME coin is worth $131,000, so if you held it for about 48 more hours you would have made $3.5 million. The red “S” in the chart below shows where traders sold BOME stacks.
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