A crypto dealer made a $2.5M revenue immediately by turning 13 SOL into 9,718 SOL by means of buying and selling 76.46M FATHA tokens. The dealer purchased the tokens on Pump.enjoyable, capitalizing on a fast enhance in FATHA’s market cap, which surged to over $60M. The dealer bought the tokens on the peak, realizing a 750x return.
Dealer Makes $2.5M Revenue Buying and selling FATHA Token
The crypto dealer turned 13 SOL (round $3.3K) into 9,718.5 SOL, making a $2.5M revenue by buying and selling 76.46M Slopfather (FATHA) tokens. On November 23, the dealer bought the tokens on Pump.enjoyable, and inside 40 minutes, FATHA’s market cap surged to over $60M. After holding the tokens, the dealer bought them on the highest level, securing a 750x return.
The dealer capitalized on the fast market shift and seized the chance to make a big revenue. As per solscan, 9,500 SOL was swapped for USDC and bridged to Ethereum, demonstrating how shortly substantial earnings could be made within the unstable meme coin market. The commerce displays the rising affect of meme cash on the Solana blockchain.
On-chain information signifies that the pockets concerned on this commerce could belong to BT (@cooksassistant), who has traded 60 tokens over the previous three days. With a win price of 42.37%, BT has generated $2.7M in whole revenue.
What a fortunate dealer!!!
6 hours in the past, this dealer sniped 76.46M $FATHA for simply 2.93 $SOL ($765).
Presently, these $FATHA are price $2.7M. The sniper has made x3483.https://t.co/MVgcAnWR1R pic.twitter.com/seXfdgAq6r
— Onchain Lens (@OnchainLens) November 23, 2024
FATHA Token Surge and Solana’s Meme Coin Growth
Slopfather (FATHA) token has surged to $0.03841, with a market cap of $38 million, permitting the crypto dealer to e book an enormous revenue. Its 24-hour buying and selling quantity is $156 million, reflecting a 4000% enhance within the final 24 hours. This dramatic rise exhibits the rising demand for meme cash within the crypto market.
Solana’s blockchain is changing into a prime platform for meme coin launches. Initiatives like PNUT, WIF, GOAT, and BONK are main the way in which. Moreover, Arthur Hayes’ endorsement of the Solana-based FLOWER coin boosted curiosity, driving the expansion of meme cash on Solana.
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