According to data provided by Lookonchain, a tiny cryptocurrency His wallet gained 421x profit in just 12 hours, resulting in a significant asset.
Participating in the recent memecoin craze, the wallet purchased Magnet worth only 3 SOL, or $428. After the increase in the value of Magnet, a memecoin, he sold them for 1,241 SOL, or $180,000.
Although the wallet in question sold almost all of its assets, he continues to keep the $45,000 Magnet in his wallet.
However, it is worth remembering that although this wallet was lucky, the majority of users made serious losses in Memecoins.
On the other hand, the latest move by another memecoin whale also attracted attention. According to Onchain data, a large PEPE whale bought another memecoin called SPX after selling PEPE.
This whale purchased $800,000 worth of PEPE between April 18 and May 15 and had an unrealized profit of $120,000.
Hours ago, this whale sold 574 thousand dollars of them and obtained 684 thousand dollars of SPX tokens. Within a few hours, the current situation reached 16% profit.
*This is not investment advice.
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