Investor Turns $3,000 into $9 Million With This Memecoin
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A cryptocurrency investor has made over $9 million from an initial altcoin investment, demonstrating the significant potential of memecoin trading.
The investor achieved an incredible 3,000% return on their investment in the Solana-based Numogram (GNON) token, which launched on October 17 and has a relatively low market capitalization.
On October 20, the on-chain intelligence firm Lookonchain reported this remarkable trade, revealing that the individual turned a $3,000 investment into $9 million within just three days.
They purchased 56 million GNON tokens across three wallets and later sold a portion of their holdings.
Although the enigmatic memecoin lacks clear use cases, it has experienced a remarkable daily surge of over 200%.
The token began gaining traction after being listed on the memecoin trading platform Moonshot on October 19.
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