Investor Turns $3,000 into $9 Million With This Memecoin
21.10.2024 8:30 1 min. read Alexander Stefanov
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.
-
1
Here Are Four Altcoins That Could Collapse Soon, According to a Top Analyst
02.04.2025 11:00 2 min. read -
2
Binance Introduces New Trading Pairs and Bot Services on Spot Platform
02.04.2025 20:00 1 min. read -
3
SEC Delays Decision on Grayscale’s Ethereum Staking ETF Proposal
15.04.2025 12:00 2 min. read -
4
Blockchain Project Prepares 50 Million Token Airdrop Ahead of Mainnet Launch
02.04.2025 9:00 2 min. read -
5
Elon Musk’s Dogecoin Comments Stir Concern, But HODLers Keep Hope Alive
31.03.2025 15:00 2 min. read
New Proposal Aims to Resolve Solana’s Inflation Dispute
A fresh attempt to address Solana’s ongoing inflation debate is back on the table—this time with a restructured voting model designed to foster consensus and move the network toward its long-term economic goals.
Another Stablecoin Loses Its Peg, Sparking Fresh Investor Anxiety
Synthetix’s native stablecoin, sUSD, is once again under pressure as it continues to drift further from its intended $1 peg—raising fresh concerns over the resilience of decentralized stablecoins.
Bitcoin ETFs Rebound With $107M Inflows, Ethereum Sees No Movement
On April 17, 2025, U.S. spot Bitcoin ETFs experienced a significant uptick in inflows, while Ethereum ETFs saw no net movement, according to data from Farside Investors.
Top 5 Worst Performing Cryptocurrencies Today
Several cryptocurrencies among the top 100 by market cap have faced heavy losses over the past seven days, with a few tokens seeing sharp double-digit declines.
-
1
Here Are Four Altcoins That Could Collapse Soon, According to a Top Analyst
02.04.2025 11:00 2 min. read -
2
Binance Introduces New Trading Pairs and Bot Services on Spot Platform
02.04.2025 20:00 1 min. read -
3
SEC Delays Decision on Grayscale’s Ethereum Staking ETF Proposal
15.04.2025 12:00 2 min. read -
4
Blockchain Project Prepares 50 Million Token Airdrop Ahead of Mainnet Launch
02.04.2025 9:00 2 min. read -
5
Elon Musk’s Dogecoin Comments Stir Concern, But HODLers Keep Hope Alive
31.03.2025 15:00 2 min. read
