One clever memecoin trader is turning heads for turning $8,524 into $12,800,000 in just a few weeks.
According to blockchain tracking company Lookonchain, that is one trader looking with huge profits after buying and selling memecoin Pepe (PEPE).
“jwynn.eth (@JamesWynnReal) spent $8,524 in the early stages to buy 2.83 trillion PEPE and sold 1.81 trillion PEPE for $4.57 million. He currently has 1.02 trillion PEPE ($8.25 million) in three portfolios. Total profit on PEPE is ~$12.8 million, a 1,503x profit!”
Also take a look at Chain noticed another savvy trader made big profits trading Book of Meme (BOME), a newer memecoin launched on Solana (SOL).
“This trader made over $2 million trading memecoins! Not an insider! Let’s see how real traders trade memecoins…
He made the most money with BOME, earning over 6,495 SOL ($1.23 million). He spent 300 SOL to buy BOME and sold it for 6,795 SOL. After announcing the listing of BOME, Binance spent 3,000 SOL to buy BOME from DEX (decentralized exchange) and deposited it in Binance for sale.”
Finally, Lookonchain noticed a quick-thinking trader made more than $390,000 after the price of Renzo Protocol’s rebalanced Ether token (EZETH) decoupled on April 24 before restoring price parity with Ethereum (ETH).
“czsamsunsb.eth earned 121.65 ETH in just two hours after EZETH (Renzo Restaked ETH) depegged! He spent 4,099 ETH to successfully buy 4,221 EZETH, which yielded 121.65 ETH!”
