{"id":143251,"date":"2024-11-26T09:00:19","date_gmt":"2024-11-26T07:00:19","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=143251"},"modified":"2024-11-26T02:40:14","modified_gmt":"2024-11-26T00:40:14","slug":"crypto-trader-makes-over-23000-profit-trading-memecoins","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/crypto-trader-makes-over-23000-profit-trading-memecoins\/","title":{"rendered":"Crypto Trader Makes Over 23,000% Profit Trading Memecoins"},"content":{"rendered":"

On November 25, one trader turned a $6,300 investment into nearly $1.5 million in under an hour. The trader acquired 297 million FRIC, a memecoin launched by South Korean artist dricstudio, using 25 Solana (SOL<\/a><\/strong>). This purchase<\/a> <\/strong>accounted for nearly 30% of FRIC\u2019s total supply. Over the next hour, the trader executed over 50 transactions, selling 258 million FRIC and earning $1.18 million in Solana.<\/p>\n

The remaining 39.08 million FRIC still in the trader\u2019s wallet added to the staggering profit, with their value fluctuating from a high of $380,000 to a current estimate of $305,449. If fully liquidated, the total profit would reach $1.48 million\u2014a 23,378% return. However, due to liquidity constraints, realizing the full value might not be feasible, as selling such a significant portion could impact the coin\u2019s price.<\/p>\n

This remarkable trade has sparked speculation about the trader\u2019s identity. The ability to acquire such a large percentage of FRIC\u2019s supply and execute rapid trades has led to theories of insider involvement or the use of an automated trading bot.<\/p>\n