Blockchain tracking platform Lookonchain says a crypto dealer has turned less than ten thousand dollars into millions in just one month by investing in a crypto project built in Solana (Solar) Ecosystem.
In accordance with To look at, the unidentified trade bought the native symbol of Social Finance (Socialfi) Crypto Project Launch Coin on Believe (Launchcoin) worth about $ 9,075 and turned it into $ 4.7 million, a 517X return.
Lookonchain longer says Another trader, pseudonymously known as POW, has registered an over 7x return on LaunchCoin.
“From close to zero to $ 2.7 million – absolute legend!
Three months ago, @traderpow spent 1,466 sun ($ 367,000) to buy 17.66 million launch coin, just to see it crash about 99%.
But he continued.
Now, with Launchcoin that breaks a market value of $ 150 million, his 17.66 million launch coin is worth $ 2.7 million! “
Blockchain tracking platform also highlights a trader who recorded A loss of hundreds of thousands of dollars after a decline in the price of Launchcoin about three months ago.
“If this trader had been more patience, he could have earned $ 7.3 million instead of losing $ 800,000.
Three months ago he bought 45 million Launchcoin near the top and spent about $ 828,000.
But shortly after, LaunchCoin crashed by over 90%.
He sold all 45 million Launchcoin (now valued at $ 8.2 million) for only $ 29,000 at a $ 800,000 loss. “
Launchcoin is traded at $ 0.191 at the time of writing, up by 7,000% from May 8 was $ 0.00269. Launchcoin is currently ranked 316th of Market Cap, which is just over $ 195 million.
Generated Picture: Midjourney
