Bitcoin halving’s aftermath has seemingly turned eyes back to the cryptocurrency markets. Investors making large gains from cryptocurrencies in a short time continue to attract attention. One investor made a small investment that again yielded a massive income, which was caught by famous on-chain trackers.
Became a Meme Coin Millionaire
Especially in March, the crypto world fully experienced the cryptocurrency craze. A notable meme coin trader turned an $8,524 investment into a value of $12.8 million in just weeks, capturing all the attention.
According to information revealed by the blockchain company Lookonchain, a trader made significant profits following the trading of Pepe (PEPE), the market’s third-ranked meme coin.
jwynn.eth (@JamesWynnReal) initially spent $8,524 to buy 2.83 trillion PEPE and sold 1.81 trillion PEPE for $4.57 million. He currently holds 1.02 trillion PEPE ($8.25 million) in three wallets. His total profit from PEPE is ~$12.8 million, a 1503-fold gain!
New Meme Coin Creates Wealth in the Market
According to another piece of information from Lookonchain, another investor made significant gains last month on Solana (SOL) with transactions of the newly emerged meme coin Book of Meme (BOME), which also saw significant interest in Turkey.
This trader made over $2 million from trading meme coins! Not an insider! Let’s see how real traders do meme coin trading…
He made the most money by earning more than 6,495 SOL ($1.23 million) from BOME. He spent 300 SOL to buy BOME and sold it for 6,795 SOL. After Binance announced the listing of BOME, he spent 3,000 SOL to buy BOME from DEX (decentralized exchange) and deposited it for sale on Binance.
Investor Seizes EZETH Opportunity
Lastly, Lookonchain highlighted another point. A trader acting quickly in decision-making made a notable move before the price of Renzo Protocol’s restaked Ethereum token (EZETH) regained price parity with Ethereum (ETH).
Before this process, following a drop on April 24, he made a transaction that would earn him more than $390,000.
czsamsunsb.eth, after the price of EZETH (Renzo Restaked ETH) dropped, earned 121.65 ETH in just two hours! He successfully bought 4,221 EZETH for 4,099 ETH and earned 121.65 ETH!
