A dealer was noticed on-chain flipping a $72,000 funding into over $30 million in simply three days through the newest memecoin craze.
First reported by blockchain monitoring agency Lookonchain, a dealer utilizing the “sundayfunday.sol” Solana (SOL) tackle made their huge income shopping for and promoting Guide of Meme (BOME), a brand new memecoin launched on Solana final week.
After locking in $3.66 million in income, the entity nonetheless has over $26 million value of BOME left, based on Lookonchain.
“sundayfunday.sol turned $72,000 into $30.2 million in simply 3 days on BOME!
sundayfunday.sol is the most important BOME pre-sale participant, spending 421 SOL ($72,000) to take part within the pre-sale of BOME and acquired 1.43 billion BOME ($30.6 million at the moment).
He bought 190 million BOME for 19,646 SOL ($3.66 million) to take income… with 1.24 billion BOME( $26.57 million) left.”
Throughout the identical timeframe famous by Lookonchain, BOME was listed on a number of giant crypto exchanges, together with Binance and Kucoin.
Lookonchain additionally spotted a further tackle making a 340x on their $19,000 funding.
“A BOME pre-sale participant bought all 347 million BOME for 34,647 SOL ($6.58 million), a achieve of 340 instances!
He spent solely 102 SOL($19,000) to take part within the pre-sale and acquired 347 million BOME airdrop!”
Whereas the 2 merchants made unimaginable income on their bets, others weren’t in a position to abdomen holding BOME lengthy sufficient to realize the identical exponential positive factors.
Lookonchain additionally reported a Solana tackle that sold their BOME cash for $131,000, when in the event that they have been to carry for about 48 extra hours, they’d have made $3.5 million. The pink “S” within the chart beneath reveals the place the dealer bought their BOME stack.
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Generated Picture: Midjourney