A skilled memecoin trader has made headlines by turning a mere $8,524 into an astounding $12,800,000 in just a few weeks.
Pepe (PEPE) Profit Bonanza
According to Lookonchain, the trader bought 2.83 trillion PEPE tokens for $8,524. They then sold 1.81 trillion PEPE for $4.57 million and still hold 1.02 trillion PEPE, currently worth $8.25 million. This translates to a total profit of $12.8 million, a remarkable 1,503x return on investment.
BOME Success Story
Another trader made significant gains by trading Book of Meme (BOME), a memecoin on the Solana blockchain. This trader earned over $2 million, with the majority coming from BOME. They purchased BOME for 300 SOL and sold it for 6,795 SOL, netting a profit of $1.23 million.
EZETH Depeg Opportunity
A third trader seized an opportunity when Renzo Protocol’s restaked Ether token (EZETH) briefly depegged from Ethereum (ETH) on April 24. They purchased 4,221 EZETH for 4,099 ETH and sold it for 121.65 ETH, resulting in a profit of over $390,000.
These traders’ stories demonstrate the potential for substantial gains in the volatile world of memecoins. However, it’s crucial to remember that these investments carry significant risk and should only be made with funds you can afford to lose.
