Analysis News TheBitTimes.com

One trader is seeing million dollar profits on a Solana (SOL)-based memecoin in just months, according to on-chain data. Blockchain tracking firm Lookonchain says that one investor in TROLL is looking at a gain of more than 130,000% after the memecoin inspired by the internet trolling culture had an explosive rally over the last month. “From $2,900 to $3.78 million in just 3.5 months – a 1,300x return! Trader ‘frostx.sol’ spent $2,900 to buy 20.91 million TROLL three months ago, sold 2.55 million for $50,700 and still holds 18.36 million TROLL ($3.73 million). With TROLL’s recent surge, his position has flipped nearly 1,300x, with a profit of $3.78 million.” Source: Lookonchain/X TROLL hit an all-time high on Wednesday at $0.2018, an increase of more than 423% from its seven-day low of $0.0403. TROLL has since retraced from its ATH and is trading for $0.1669 at time of writing, up 15.2% on the day. With a market cap of $175 million...

Blockchain tracker Lookonchain says one savvy crypto trader gained a 10,000,000% profit in less than two years on a Dogecoin (DOGE) and Shiba Inu (SHIB) rival. According to Lookonchain, one anonymous trader turned just $70.40 into $7.06 million in only 20 months by purchasing memecoin Pepe (PEPE) in the early days. “An early buyer who spent only 0.035 ETH ($70.40) to buy 2.61 trillion PEPE ($57.3 million currently) deposited the remaining 189.4 billion PEPE($4.15M) to Kraken [on Thursday]. Even though he sold most of his PEPE early on, he turned $70.40 into $7.06 million – a return of over 100,000x.” Lookonchain also noticed other large Pepe holders realizing massive profits this week. One Pepe trader was spotted realizing a gain of more than 3,018%. “After holding for over a year, this trader turned $241,500 into $7.53 million! This trader withdrew 375.65 billion PEPE ($241,500 at that time) from Gemini on Sept 20th, 2023, and sold 19.55...