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Crypto Trader Nets Over 335,000% Profits on New Solana-Based Memecoin in Just Five Days: Lookonchain

n70products by n70products
October 19, 2024
in Altcoin
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Crypto Trader Nets Over 335,000% Profits on New Solana-Based Memecoin in Just Five Days: Lookonchain
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A crypto whale is taking a look at an enormous multi-million greenback achieve on a Solana (SOL)-based memecoin after simply 5 days.

In keeping with on-chain knowledge tracker Lookonchain, a deep-pocketed investor turned $727 value of Goatseus Maximus (GOAT) into $2.44 million.

“This man offered all 15.15 million GOAT [October 15th], turned 5 SOL ($727) into 15,883 SOL ($2.44 million) in simply 5 days, a 3,176x return! Apparently, he named himself ‘stupidmoney.sol’.”

Lookonchain additionally spotted one other savvy investor who’s taking a look at $2.8 million in income after shopping for greater than 10 million GOAT on October eleventh.

“This good cash made $2.88 million (+3,360%) on GOAT… He spent 603 SOL ($86,000) to purchase 10.7 million GOAT ($3.75 million at peak) six days in the past and offered 0.7 million GOAT for 1,453 SOL ($222,000) [on October 17th], leaving 10 million GOAT ($2.74 million).”

The memecoin lately earned a list on Gate, Crypto.com and HTX exchanges.

GOAT is buying and selling for $0.2933 at time of writing, up 18.5% within the final 24 hours. With a present market cap of $291.7 million, GOAT is the 220th largest crypto challenge.

Pseudonymous analyst Altcoin Sherpa lately said that the market cap of Goatseus Maximus may soar greater than 71% its present worth.

“GOAT: $500 million [market cap] subsequent in my view. Nonetheless holding a giant bag of this and can take into account taking a little bit of revenue there.”

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Disclaimer: Opinions expressed at The Every day Hodl usually are not funding recommendation. Traders 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 personal threat, and any losses you might 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: CryptodaysLookonchainMemecoinNetsProfitsSolanaBasedTrader
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