Cryptocurrency Trader Turns $310 Into $5 Million in 3 Months – Here’s How
Cryptocurrency Trader Turns $310 Into $5 Million in 3 Months – Here’s How
A cryptocurrency trader has grew to develop into $310 into $5 million in 3 months, as per files shared by on-chain trim money sleuth X yarn @lookonchain.
The trader made whopping earnings by investing in Solana-essentially essentially based mostly meme coin dogwifhat (WIF), which blew up in 2024.
The trader who spent easiest 5.288 $SOL($310) to salvage 2.58M $WIF ($4.1M for the time being) started to promote $WIF for earnings on the preferrred charge.
He equipped 750K $WIF for 9,363 $SOL($1.21M) at $1.61, with 1.83M $WIF ($2.91M) left.
The total profit is $4.12M(13,307x)!https://t.co/Fc8EWZ673m pic.twitter.com/elFRilLtNd
— Lookonchain (@lookonchain) March 4, 2024
The trader used 5.288 SOL (charge $310 on the time) to salvage 2.58 million WIF tokens in uninteresting November.
At the most fresh market charge of $2.30, 2.58 million WIF tokens would be charge terminate to $6 million.
Nonetheless the trader appears to be like to maintain already been booking some profit.
As per solscan.io, their WIF holdings had been final 1.831 million, with a most fresh market valuation of around $4 million.
Meanwhile, the yarn now holds 9,362 SOL tokens charge good below $950,000.
This cryptocurrency trader turning $310 to $5 million in 3 months could possibly perhaps undoubtedly crawl down as one of this bull market’s most legendary reviews.
Meme Coin Mania Continues Rising
In wake of Bitcoin hitting new document highs above $70,000 on Friday, fundamental meme coins continue to pump.
Pepe (PEPE), dogwifhat (WIF), Bonk (BONK), Shiba Inu (SHIB) and Dogecoin (DOGE) are all within the pause 10 easiest-performing cryptos on Friday, up between 10-30% in 24 hours, as per CoinMarketCap.
Floki (FLOKI), meanwhile, is up terminate to 80% in 24 hours.
Nonetheless every of these meme coins now maintain a market cap of no longer decrease than $2 billion.
Dogecoin and Shiba Inu, meanwhile, maintain market caps of above $20 billion.
That suggests the room for upside is changing into more restricted.
A meme coin valued below $200 million is more likely so that you would possibly want to well get 100x gains, for instance.
Meme coin traders are thus hunting for smaller valuation, excessive-capacity picks.
Meme Coin Substitute – Smog (SMOG)
A Solana-essentially essentially based mostly meme coin called Smog (SMOG) has been turning more than just a few heads no longer too prolonged ago as its charge pumps.
Its charge has pumped nearly 8x since uninteresting February to reach a market cap of $270 million, as per DEXTools.
The dragon-themed token markets itself as offering Solana’s preferrred airdrop of all time.
Traders can qualify for the airdrop by procuring for a holding SMOG on Solana, or staking the token on Ethereum.
Even supposing its market cap remains modest, SMOG already boasts a noteworthy crew.
Certainly, as per birdeye.so, it already has over 60,000 holders.
Given the entire excitement about Solana airdrops in most fresh months, SMOG could possibly perhaps reach indispensable hobby within the approaching weeks.
SMOG could possibly perhaps lift no longer decrease than 10x gains to traders, therefore its obnoxious within the most straightforward crypto meme coins to salvage now.
Traders need to calm demonstrate that they will clinch a 10% prick charge when procuring for SMOG straight away thru the project’s web discipline.
They are able to even moreover stake their tokens for a 42% APY.
Aquire SMOG Here
Source : cryptonews.com
