Fortunate Altcoin Trader Strikes Gold with $2.5M Profit from Meme Coin Trades
In a stroke of luck, an altcoin trader recently unveiled a specialized wallet and raked in a substantial profit by dabbling in meme coins. According to the renowned on-chain analytics firm Lookonchain, the trader engaged in trading a dozen meme coins using the new wallet. Lookonchain provided detailed insights into this occurrence through its official X account.
The trader’s fortunes seemed to have taken a turn for the better a mere 19 hours ago when he set up the new wallet to delve into the world of #MEMEcoin trading. With an impressive success rate of 83%, the trader managed to accumulate profits exceeding $2.5 million. The trader’s stroke of luck was particularly evident in the acquisition of $RNT tokens, which resulted in a staggering 957x profit.
A sum of 15.8 $SOL tokens, equivalent to $2,558, was expended to procure 36.77 million $RNT tokens. Subsequently, the trader proceeded to trade approximately 606K $RNT tokens for 165 $SOL tokens valued at $26.8K. This series of strategic moves left the trader with a substantial holding of 36.17 million $RNT tokens, amounting to a staggering $2.4 million.