{"id":142664,"date":"2024-11-20T08:00:24","date_gmt":"2024-11-20T06:00:24","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=142664"},"modified":"2024-11-19T17:33:21","modified_gmt":"2024-11-19T15:33:21","slug":"trader-makes-1925-profit-in-2-hours-with-new-cryptocurrency","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/trader-makes-1925-profit-in-2-hours-with-new-cryptocurrency\/","title":{"rendered":"Trader Makes 1,925% Profit in 2 Hours With New Cryptocurrency"},"content":{"rendered":"

This achievement can be contributed to the explosive growth of ELIZA, a meme token on the Solana<\/a> <\/strong>blockchain. The trader began by purchasing 89.19 million ELIZA tokens with 7.84 SOL, which was worth $1,900. As the token\u2019s 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.<\/p>\n

ELIZA\u2019s 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\u2019s growth has been remarkable, there are signs of market consolidation, with increasing sell pressure. The trader\u2019s ongoing sales suggest that the token\u2019s rally is continuing but also highlight the risks for late investors.<\/p>\n

This extraordinary gain<\/a> <\/strong>has sparked debates across social media platforms, with some praising the trader\u2019s market timing, while others question the fairness of the token\u2019s 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.<\/p>\n