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Memecoin Investor Turns $727 into $2.42 Million in Just Four Days

Memecoin Investor Turns $727 into $2.42 Million in Just Four Days

Cryptodnes2024/10/16 08:42
By:Cryptodnes

Memecoins are gaining traction in 2024, particularly those based on Solana, capturing significant attention from investors.

One notable case involves an investor who achieved remarkable success with the Solana memecoin Goatseus Maximus (GOAT).

According to Lookonchain, this individual transformed an investment of $727 into an astonishing $2.42 million within just four days, marking a staggering gain of 3,329%.

The investor purchased 15.15 million GOAT tokens for 5 SOL , which was equivalent to $727 at the time.

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Following a dramatic surge in the token’s price, they sold 5.7 million GOAT for 5,949 SOL, approximately $930,000, while retaining 9.4 million GOAT valued at $1.4 million.

Should they decide to sell the remaining tokens, their total profit could reach $2.4 million.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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