Crypto Trader Turns $10,000 into Millions in Solana Ecosystem Project
Blockchain tracking platform Lookonchain has reported that a crypto trader has achieved extraordinary success by turning less than ten thousand dollars into millions in just one month through a crypto project within the Solana (SOL) ecosystem.
According to Lookonchain, the trader invested approximately $9,075 in the native token of the social finance (SocialFi) crypto project Launch Coin on Believe (LAUNCHCOIN) and saw a remarkable 517x return, resulting in $4.7 million.
Another trader, known as Pow, also experienced significant gains with over a 7x return on LAUNCHCOIN.
“From near zero to $2.7 million — absolute legend! Three months ago, @traderpow spent 1,466 SOL ($367,000) to buy 17.66 million LAUNCHCOIN, despite a 99% crash. But his patience paid off, and now his investment is worth $2.7 million!”
However, not all traders had the same success story. Lookonchain highlighted a trader who incurred a loss of hundreds of thousands of dollars due to a price slump in LAUNCHCOIN three months ago.
“If this trader had held on, he could have made $7.3 million instead of losing $800,000. Despite buying 45 million LAUNCHCOIN for $828,000, the subsequent crash led to a sale at a significant loss.”
As of now, LAUNCHCOIN is trading at $0.191, reflecting a 7,000% increase from its May 8th low of $0.00269. With a market cap exceeding $195 million, LAUNCHCOIN holds the 316th position.
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