One savvy memecoin trader is attracting attention for having turned $8,524 into $12,800,000 within weeks.
According to blockchain tracking firm Lookonchain, one trader is looking at massive profits after buying and selling memecoin Pepe (PEPE).
“jwynn.eth (@JamesWynnReal) spent $8,524 to buy 2.83 trillion PEPE in the early stage and sold 1.81 trillion PEPE for $4.57 million. He currently holds 1.02 trillion PEPE ($8.25 million) in three wallets. The total profit on PEPE is ~$12.8 million, a gain of 1,503x!”
Lookonchain also noticed another smart trader made off with big gains by trading Book of Meme (BOME), a newer memecoin launched on Solana (SOL).
“This trader made over $2 million by trading memecoins! Not an insider! Let’s see how real traders trade memecoins…
He made the most money on BOME, earning more than 6,495 SOL ($1.23 million). He spent 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 buy BOME from DEX (decentralized exchange) and deposited it into Binance for sale.”
“czsamsunsb.eth made 121.65 ETH in just two hours after EZETH (Renzo Restaked ETH) depegged! He spent 4,099 ETH to buy 4,221 EZETH successfully, making 121.65 ETH!”
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The post Here’s How a Memecoin Trader Multiplied $8,524 Into Over $12,800,000 in Just Weeks: On-Chain Data appeared first on The Daily Hodl.