Memecoin Investor Turns $727 into $2.42 Million in Just Four Days

Memecoins are gaining traction in 2024, particularly those based on Solana, capturing significant attention from investors.

One notable case involves an investor who achieved remarkable success with the Solana memecoin Goatseus Maximus (GOAT).

According to Lookonchain, this individual transformed an investment of $727 into an astonishing $2.42 million within just four days, marking a staggering gain of 3,329%.

This guy turned $727 into $2.42M in just 4 days, a 3,329x return!😱

He spent 5 $SOL($727) to buy 15.15M $GOAT 4 days ago and sold 5.7M $GOAT for 5,949 $SOL($931K) in the past 8 hours, leaving 9.45M $GOAT($1.49M).https://t.co/GeXNlongIW pic.twitter.com/n5OEwZ1BEk

— Lookonchain (@lookonchain) October 15, 2024

The investor purchased 15.15 million GOAT tokens for 5 SOL, which was equivalent to $727 at the time.

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Following a dramatic surge in the token’s price, they sold 5.7 million GOAT for 5,949 SOL, approximately $930,000, while retaining 9.4 million GOAT valued at $1.4 million.

Should they decide to sell the remaining tokens, their total profit could reach $2.4 million.

Alexander Zdravkov

Alexander has been working in the crypto industry for three years, during which time he has established himself through his active participation in monitoring market dynamics and technological innovations. His interest in cryptocurrencies and new technologies is not just a professional commitment, but a deep personal passion. He follows the news in the sector daily, analyzes trends, and is excited about every new step in the development of blockchain solutions. His enthusiasm drives him to continuously learn and share knowledge, as he sees the future in digital finance and its role in global transformation.