On March 10, a user spent 60 SOL ($8673) to purchase 24.8 million HAMMY meme tokens on Solana. In two months, his investments turned into $1.26 million, Lukonchain drew attention.
This trader is so patient!
He turned 60 $SOL($8,673) into $1.26M in 2 months, a gain of 144x!
He spent 60 $SOL($8,673) to buy 24.8M $HAMMY at $0.00035 on Mar 10.
About a month later, the price rose to $0.007, and his gain had exceeded 20x, but he did not sell for profit.… pic.twitter.com/7k66nwgQOZ
The investor purchased the coins at a price of $0.00035. About a month later, the quotes rose to $0.007, and his deposit increased 20 times. However, he did not record a profit, experts noted.
Until May 4, the trader sold 12.8 million HAMMY for 2711 SOL (~$401,000). He continues to hold 12 million HAMMY, which is now estimated at ~$858,000.
The user's initial investments in memcoin increased 144 times, and the total profit exceeded $1.25 million, the specialists of Lookonchain emphasized.
In April, they discovered a trader who had earned more than $26 million trading meme tokens in a few months. Another investor made a profit of $1.5 million on seven coins.
Recall that Synthetix founder Kane Warwick called meme tokens a useful tool for DEX, which attracts non-traditional DeFi traders to the platforms.