Crypto Trader Makes $2.5 Million Profit With This Altcoin

A cryptocurrency trader recently achieved a remarkable $2.5 million profit by turning a modest investment of 13 SOL (roughly $3.3K) into nearly 9,718 SOL.

This profit was made through a series of trades involving the FATHA token.

The trader made the purchase on the Pump.fun platform, capitalizing on a rapid surge in the market cap of FATHA, which skyrocketed to more than $60 million in a short period. After holding the tokens briefly, the trader sold them at the peak, securing a 750x return on the initial investment.

This trade highlights the significant impact of meme coins within the crypto space, particularly on the Solana blockchain. In just 40 minutes, the value of FATHA tokens surged, allowing the trader to make substantial profits.

READ MORE:

AI Predicts Bitcoin’s Future Price – Here is What to Expect

On-chain data suggests that the wallet responsible for this trade might belong to a well-known trader, BT (@cooksassistant), who has successfully completed 60 trades in just three days. With a solid win rate of 42.37%, BT has accumulated a total profit of $2.7 million, further demonstrating the potential for significant gains in the highly volatile crypto market.

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.