Trader converted $2.2K into $2.26M by investing in new Memecoin.
A merchant transformed. In just 8 hours, I invested $2,275 in Solana (SOL) tokens, turning it into $2.26 million.
The wallet of the trader identified as “sundayfunday.sol” is I earned over 993x my investment in the newly released memecoin 1DOL.
The merchant also Over $72,000 invested in Book of Memes (BOME) Tokens during pre-sale period At its peak, it was worth more than $40 million.
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Although “sundayfunday.sol” sold 530 billion BOME for $7.66 million, the trader still holds 894 billion tokens worth $10.5 million and maintains ownership. It is the largest individual holder of BOME.
However, due to the lucrative 1DOL deal. Insider trading and money laundering charges.
Additionally, users commented: The liquidity of the trading pool is low, With SOL tokens worth $291,000, traders You will have a hard time monetizing your profits without significantly impacting the price of 1DOL.
Overall, these trades can bring significant profits, but they also carry significant risks, including allegations of market manipulation and liquidity issues.
In other news, a group of cryptocurrency enthusiasts recently launched the memecoin NotWifGary (NWG), citing U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler. Memecoin was driven by regulatory uncertainty affecting the cryptocurrency community.
With a master’s degree in Economics, Politics, and Culture in East Asia, Aaron wrote a scientific thesis analyzing the differences between Western capitalism and collective capitalism after World War II.
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