A savvy trader has made a massive profit by flipping a $72,000 investment into over $30 million in just three days during the latest memecoin craze.
The Big Winner
According to blockchain tracking firm Lookonchain, the trader using the Solana address “sundayfunday.sol” made their fortune by buying and selling Book of Meme (BOME), a new memecoin launched on Solana last week.
After locking in $3.66 million in profits, the trader still has over $26 million worth of BOME left.
Other Success Stories
Another trader also made a significant profit, turning a $19,000 investment into $6.58 million.
The Flip Side
While some traders made huge profits, others weren’t as fortunate. One trader sold their BOME coins for $131,000, but if they had held on for just 48 more hours, they would have made $3.5 million.
Cautionary Tale
The story highlights the potential for both huge profits and significant losses in the volatile world of memecoin trading. Investors should always do their own research and invest only what they can afford to lose.
