Here’s How This Crypto Trader Made 94x Profit in Just One Hour

In the midst of a downtrend in the crypto market, some traders are still achieving extraordinary profits.

Recently, a trader turned an initial investment of $8,000 into $800,000 in just one hour. This was achieved by trading a new meme coin, CTO, launched on the Raydium Protocol through the MakeNow.Meme platform.

Starting with 50 Solana (SOL) tokens, the trader acquired 256.8 million CTO tokens. Within an hour, they sold a significant portion of these tokens for 4,771 SOL, netting a profit of approximately $802,500.

Earlier that same day, the trader also saw substantial gains from another token, PFI, on Raydium. A $3,400 investment in PFI was converted into $104,000, marking a 30-fold return.

These rapid gains illustrate the high-risk, high-reward nature of the crypto market, especially with new meme coins. CTO currently trades at $0.00466 with a market cap of $4.6 million, while Solana is facing short-term losses, trading around $168.

Overall, significant profits are possible in the volatile crypto space, but they come with considerable risks.