Crypto Trader Nets Over 335,000% Profits on New Solana-Based Memecoin in Just Five Days: Lookonchain
A crypto whale is looking at a massive multi-million dollar gain on a Solana (SOL)-based memecoin after just five days. According to on-chain data tracker Lookonchain, a deep-pocketed investor turned $727 worth of Goatseus Maximus (GOAT) into $2.44 million. “This guy sold all 15.15 million GOAT [October 15th], turned five SOL ($727) into 15,883 SOL ($2.44 million) in just five days, a 3,176x return! Interestingly, he named himself ‘stupidmoney.sol’.” Lookonchain also spotted another savvy investor who is looking at $2.8 million in profits after buying more than 10 million GOAT on October 11th. “This smart money made $2.88 million (+3,360%) on GOAT… He spent 603 SOL ($86,000) to buy 10.7 million GOAT ($3.75 million at peak) six days ago and sold 0.7 million GOAT for 1,453 SOL ($222,000) [on October 17th], leaving 10 million GOAT ($2.74 million).” The memecoin recently earned a listing on Gate, Crypto.com and HTX exchanges...