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Crypto Trader Nets 25x Profit on Solana-Based Memecoin That’s Exploded Over 1,200% in Three Weeks: On-Chain Data

June 15, 2024
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Crypto Trader Nets 25x Profit on Solana-Based Memecoin That’s Exploded Over 1,200% in Three Weeks: On-Chain Data


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One fortunate dealer is enormous income after one Solana (SOL)-based memecoin soared over 1,200% in simply three weeks, in line with on-chain information.

Blockchain monitoring agency Lookonchain says that one pre-sale participant in Beercoin (BEER) simply made off with greater than $1 million in revenue.

“A BEER pre-sale participant is promoting BEER, and he made a complete revenue of $1.3 million on BEER!

This man spent 301.2 SOL ($50,000) to take part within the pre-sale and acquired 3.38 billion BEER. Then he exchanged 5.45 billion BONK ($192,000) for 1.86 billion BEER on Might twenty sixth.

After BEER was listed on Gate.io, he deposited 240 million ($120,000) to Gate.io for revenue. He offered 4.6 billion BEER ($1.34 million) [June 14th] and has 400 million BEER ($109,000) left, with a complete revenue of greater than $1.3 million!”

Image
Supply: Lookonchain/X

BEER was buying and selling at $0.000018 on Might twenty fourth and at time of writing is price $0.000245, a achieve of 1,261%.

Lookonchain additionally reports one crypto whale is sitting on huge income in his holdings of Pendle (PENDLE), which permits customers to tokenize and promote future yields.

“A whale deposited 755,000 PENDLE ($3.83 million) to Binance for revenue June eleventh. The whale withdrew 5.02 million PENDLE ($2.73 million on the time) from Binance on August 18th, 2023, when the worth was $0.54. He at present has 4.27 million PENDLE ($21.7 million) left, with a complete revenue of $22.8 million (+834%)!”

Pendle is buying and selling for $4.93 at time of writing, down barely within the final 24 hours.

Lastly, Lookonchain says one crypto investor made a 1,110% revenue in simply eight days after shopping for Mom Iggy (MOTHER) tokens, the Australian rapper Iggy Azalea’s cryptocurrency enterprise.

“He spent $777,000 to purchase 50.35 million MOTHER from Might twenty ninth to June 1st and has held it till now, which is price $9.4 million at present.”

MOTHER is buying and selling for $0.13 at time of writing, down almost 7% within the final 24 hours.

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Disclaimer: Opinions expressed at The Day by day Hodl usually are not funding recommendation. Buyers ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital property. Please be suggested that your transfers and trades are at your personal danger, and any losses you might incur are your accountability. The Day by day Hodl doesn’t suggest the shopping for or promoting of any cryptocurrencies or digital property, neither is The Day by day Hodl an funding advisor. Please observe that The Day by day Hodl participates in internet online affiliate marketing.

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