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Crypto Trader Nets 25x Profit on Solana-Based Memecoin That’s Exploded Over 1,200% in Three Weeks: On-Chain Data

June 15, 2024
in Altcoin
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One fortunate dealer is large income after one Solana (SOL)-based memecoin soared over 1,200% in simply three weeks, in keeping with on-chain information.

Blockchain monitoring agency Lookonchain says that one pre-sale participant in Beercoin (BEER) simply made off with greater than $1 million in revenue.

“A BEER pre-sale participant is promoting BEER, and he made a complete revenue of $1.3 million on BEER!

This man spent 301.2 SOL ($50,000) to take part within the pre-sale and acquired 3.38 billion BEER. Then he exchanged 5.45 billion BONK ($192,000) for 1.86 billion BEER on Could twenty sixth.

After BEER was listed on Gate.io, he deposited 240 million ($120,000) to Gate.io for revenue. He offered 4.6 billion BEER ($1.34 million) [June 14th] and has 400 million BEER ($109,000) left, with a complete revenue of greater than $1.3 million!”

Supply: Lookonchain/X

BEER was buying and selling at $0.000018 on Could twenty fourth and at time of writing is value $0.000245, a acquire of 1,261%.

Lookonchain additionally experiences one crypto whale is sitting on huge income in his holdings of Pendle (PENDLE), which permits customers to tokenize and promote future yields.

“A whale deposited 755,000 PENDLE ($3.83 million) to Binance for revenue June eleventh. The whale withdrew 5.02 million PENDLE ($2.73 million on the time) from Binance on August 18th, 2023, when the worth was $0.54. He at the moment has 4.27 million PENDLE ($21.7 million) left, with a complete revenue of $22.8 million (+834%)!”

Pendle is buying and selling for $4.93 at time of writing, down barely within the final 24 hours.

Lastly, Lookonchain says one crypto investor made a 1,110% revenue in simply eight days after shopping for Mom Iggy (MOTHER) tokens, the Australian rapper Iggy Azalea’s cryptocurrency enterprise.

“He spent $777,000 to purchase 50.35 million MOTHER from Could twenty ninth to June 1st and has held it till now, which is value $9.4 million at the moment.”

MOTHER is buying and selling for $0.13 at time of writing, down practically 7% within the final 24 hours.

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Disclaimer: Opinions expressed at The Every day Hodl will not be funding recommendation. Buyers ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital property. Please be suggested that your transfers and trades are at your individual danger, and any losses chances are you’ll incur are your duty. The Every day Hodl doesn’t suggest the shopping for or promoting of any cryptocurrencies or digital property, neither is The Every day Hodl an funding advisor. Please word that The Every day Hodl participates in online marketing.

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Tags: 25xcryptodataExplodedMemecoinNetsOnChainProfitSolanaBasedTraderWeeks
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