The cryptocurrency market continues to attract the attention of investors with high volatility and sudden price changes in recent years. This weekend, an incredible story shook the cryptocurrency world. An investor managed to earn $63,000 within hours, thanks to a Solana-based meme coin, with an investment of just $4. This news reveals the high profit potential offered by the cryptocurrency market and at the same time the high risks it poses. So, what kind of miracle did this investor perform? What is the meme coin named BALLZ? How safe are such investments?
Huge profits with Solana based meme coin
The cryptocurrency market continues to attract the attention of investors with high volatility and sudden price changes in recent years. This weekend, an incredible story shook the cryptocurrency world. An investor managed to earn $63,000 within hours, thanks to a Solana-based meme coin, with an investment of just $4. Thus, he made a profit of almost 17,000 times.
According to data shared by on-chain analysis platform Lookonchain, this investor purchased the meme coin named WolfWifBallz (BALLZ) for $4 immediately after its launch. The price of BALLZ skyrocketed in a short time after its launch, and the investor managed to sell all his assets for 63 thousand dollars after just 5 hours.
It rose by 9,181,006 percent in one day
This incredible gain increased the investor’s money by 17,125 times. The price of BALLZ attracted the attention of investors with an increase of 9,181,006% in just 1 day. However, it should not be forgotten that such investments always carry high risks. Meme coins, in particular, have extremely volatile price movements and can pose great risks for investors. This investor was also at risk of losing all his money if the price of BALLZ dropped again.
Recently, a similar rise in the Solana-based meme coin named dogwifhat (WIF) has led to the emergence of many similar-named projects. It is very important for investors to do detailed research and consider the risks before investing in such projects.
There are risks in the market
Although the cryptocurrency market offers high profit potential, it also carries high risk. Investors need to consider all risks and make conscious investments before entering this market. As a result, the investor managed to earn 63 thousand dollars with an investment of only 4 dollars. BALLZ’s price increased by 9,181,006% in just 1 day. However, such investments always carry high risks. Investors need to consider all risks and make conscious investments before entering the cryptocurrency market.
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