Trader Makes 1,925% Profit in 2 Hours With New Cryptocurrency

A cryptocurrency trader turned a small $1,900 investment into a staggering $3.67 million in less than two hours

This achievement can be contributed to the explosive growth of ELIZA, a meme token on the Solana blockchain. The trader began by purchasing 89.19 million ELIZA tokens with 7.84 SOL, which was worth $1,900. As the token’s price skyrocketed, the trader sold half of the holdings, making a profit of $1.72 million, and still held onto 39.7 million tokens worth about $1.95 million. This resulted in a total profit of $3.67 million, marking an incredible 1,925x return on their initial investment.

ELIZA’s rise has been meteoric, with its market cap reaching $48.5 million and a trading volume of $273.7 million in just 24 hours. While the token’s growth has been remarkable, there are signs of market consolidation, with increasing sell pressure. The trader’s ongoing sales suggest that the token’s rally is continuing but also highlight the risks for late investors.

This extraordinary gain has sparked debates across social media platforms, with some praising the trader’s market timing, while others question the fairness of the token’s initial price surge, pointing to potential insider trading. Some critics argue that the rapid price movements left little room for regular investors to get in on the gains, raising concerns about market manipulation and transparency.

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The story of ELIZA is a prime example of the volatile nature of meme coin trading. While massive profits are possible, the risks are high, with prices prone to sudden drops as investors cash out. As meme coins continue to capture the market’s attention, it remains uncertain whether ELIZA can maintain its momentum or become yet another cautionary tale for investors.

Alexander Stefanov