The trader who invests in Meme coin earns $2.5 million in 4 days: Is the trader part of the team?

While the profits made in hundreds of meme coins this year, especially those in the Solana network, have whetted investors’ appetites, one trader made thousands of times earnings in just 4 days and pocketed $2.4 million.

The trader who invests in Meme coin earns $2.5 million in 4 days: Is the trader part of the team?

While 2024 will be the year of meme coins, examples of traders earning millions of dollars in a short time are still emerging.

It is likely to be a developer…

Especially this year, while the meme coins in the Solana network attracted the attention of the cryptocurrency world, millions of dollars were earned in thousands of meme coins. According to the information provided by Lookonchain, a trader who invested $727 in the meme coin named GOAT earned $2.4 million in 4 days. This person or persons are certain to be developers within the team. This year, many examples of such earnings were seen many times.

This trader, who bought 15 million GOATs with only 5 SOLs, sold 5.7 million tokens for 5949 SOLs ($930 thousand) after the rises. The trader still has 9.4 million GOATs worth $1.4 million. The total profit rate has exceeded 3300 times.

If the investor sells the remaining part, his total profit will be $2.4 million. The chart below shows the points where the trader bought and sold.

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