One savvy memecoin trader is attracting attention for having turned $8,524 into $12,800,000 within weeks.
According to blockchain tracking firm Lookonchain, one trader is looking at massive profits after buying and selling memecoin Pepe (PEPE).
“jwynn.eth (@JamesWynnReal) spent $8,524 to buy 2.83 trillion PEPE in the early stage and sold 1.81 trillion PEPE for $4.57 million. He currently holds 1.02 trillion PEPE ($8.25 million) in three wallets. The total profit on PEPE is ~$12.8 million, a gain of 1,503x!”
Lookonchain also noticed another smart trader made off with big gains by trading Book of Meme (BOME), a newer memecoin launched on Solana (SOL).
“This trader made over $2 million by trading memecoins! Not an insider! Let’s see how real traders trade memecoins…
He made the most money on BOME, earning more than 6,495 SOL ($1.23 million). He spent 300 SOL to buy BOME and sold it for 6,795 SOL. After Binance announced the listing of BOME, he spent 3,000 SOL to buy BOME from DEX (decentralized exchange) and deposited it into Binance for sale.”
Lastly, Lookonchain noticed a quick-thinking trader made more than $390,000 after Renzo Protocol’s restaked Ether token (EZETH) price depegged on April 24 before recovering price parity with Ethereum (ETH).
“czsamsunsb.eth made 121.65 ETH in just two hours after EZETH (Renzo Restaked ETH) depegged! He spent 4,099 ETH to buy 4,221 EZETH successfully, making 121.65 ETH!”
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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