Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesBotsEarnCopy
Crypto Investor Nets $2M Profits in Memecoins BOME, MANEKI

Crypto Investor Nets $2M Profits in Memecoins BOME, MANEKI

CoineditionCoinedition2024/04/23 16:07
By:Collins Adane
  • Memecoin investors earn over $2 million, profiting from MANEKI and BOME trades.
  • Trader seizes opportunity with BOME listing on Binance, netting profits from DEX purchase and subsequent liquidation.
  • Despite setbacks, strategic investments in BOME, SLERF, and MANEKI prove profitable.

On-chain provider Lookonchain revealed the trading activities of a crypto investor which attracted considerable attention after earning over $2 million through trading meme coins . 

Analysis of recent transactions showed that the investor purchased MANEKI for 300 SOL, worth $45.6K, and sold it for 2,462 SOL at $381K. Moreover, Lookonchain noted that his most lucrative venture was BOME, which yielded a significant return of 6,495 SOL, valued at $1.23M.

Upon Binance’s announcement of the BOOK OF MEME’s (BOME) listing, the trader seized the opportunity to acquire 3,000 SOL worth of the token from DEX. Afterward, he promptly deposited it on Binance for profitable liquidation. 

Based on data from CoinMarketCap, BOME trades at $0.010281, reflecting a 21% price increase month-to-date. Over the past 30 days, there have been 15 ‘green days,’ where the daily closing price outpaced the daily opening price.

However, the meme investor’s trading journey has not been without setbacks. A few hours ago, he succumbed to FOMO (fear of missing out) and invested 100 SOL in purchasing ANSOM at inflated prices. 

Unfortunately, the subsequent sale of ANSOM resulted in a loss, with the trader only able to recoup 53.87 SOL, translating to a loss of 46.13 SOL. In the early hours of today, ANSOM witnessed a significant rally, rising to $0.00357758. However, the coin later dipped by 82.51%, trading at  $0.0006257, per CoinGecko. Nonetheless, ANSOM has printed a 232.4% value increase over the last intraday trading session.

Despite trading approximately 60 coins over five months, the trader’s success rate remains below 33%. Even so, strategic investments in tokens like BOME, SLERF, and MANEKI proved profitable. 

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

0

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.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Polygon Targets $1 & Ethereum Eyes $3,600, Yet BlockDAG’s CertiK Audit and $0.0019 Coins Could Outperform All

Discover Polygon (POL) price movement and Ethereum (ETH) price analysis as both eye breakouts, and see why BlockDAG’s CertiK audit, growing presale, and attractive pricing position it among the best crypto for higher returns in 2025.Polygon (POL) Price Movement Signals Breakout Toward $1Ethereum (ETH) Price Analysis: Tight Range Could Spark $3,600 BreakoutBlockDAG’s CertiK Audit Strengthens Its Case as the Best Crypto for Higher ReturnsTo Sum It Up

Coinomedia2025/05/08 04:22
Polygon Targets $1 & Ethereum Eyes $3,600, Yet BlockDAG’s CertiK Audit and $0.0019 Coins Could Outperform All

$298M Crypto Liquidations Rock BTC and ETH Traders

Crypto liquidations hit $298M in 24 hours, with BTC and ETH leading losses. Here's what caused the wipeout.A Rough Day for Crypto TradersWhat Triggered the Liquidations?Caution Ahead for Leverage Users

Coinomedia2025/05/08 04:22
$298M Crypto Liquidations Rock BTC and ETH Traders