In a remarkable feat of crypto trading, an unnamed trader managed to turn an initial investment of $125.5K USDC into over $1.6 million in profits in just 14 hours. This windfall came from adeptly trading in the meme coin $WEN, a Solana-based meme coin that had just opened up for trading. The details of this lucrative trade were reported on X by @lookonchain.
Quick Profits in a New Token
According to @lookonchain, the unnamed trader first purchased 20 billion $WEN coins when the token started floating on exchanges. With his initial $125.5K USDC outlay, he was able to acquire a sizable position in this new offering. Just 14 hours later, he sold 12.5 billion of his $WEN coins and realized a profit of $682K USDC.
Doge2014 raises 500K in days celebrating Dogecoin. Make potentially big profits and get in on exclusive airdrop!
Show more +In addition to banking his quick six-figure profit, the trader continues to hold 7.6 billion $WEN coins currently valued at $941K USDC, as per @lookonchain. This remaining position represents an unrealized profit thus far of $941K. All told, his profits from this single deft trade total over $1.6 million.
You may also be interested in:
- Why Is Polkadot (DOT) Price Up?
- Will Dogwifhat’s WIF Dethrone BONK as Top Solana Memecoin?
- The Graph (GRT) and Injective (INJ) Face Risks of Further Decline – Is Recovery Possible? Meme Moguls (MGLS) Asserts Dominance With Stage 5 Presale
We recommend eToro
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy the trades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
