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Trader profits 3,600,000% with memecoin
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A trader managed to transform an initial investment from 0.4 SOL (about $90) in a profit of 3,600,000%when trading memecoin Unicorn Fart Dust (UFD).
The journey, according to data from Lookonchain, began with the acquisition of almost 13 million UFD tokensand in just two days, the trader made two large exchanges that consolidated his gains.
In the first operation, the trader exchanged 50,000 UFD put 13.27 wrapped SOL (wSOL)valued at more than $2,800. Then he performed another exchange of 30,490 UFD put 7.96 wSOLaccumulating approximately $1,700. The remainder of the UFD tokens, still in the trader’s possession, have an estimated value of around US$3.25 million.
These results were possible due to the meteoric rise of UFD, a memecoin created as a satire of the cryptocurrency market.
Despite its humorous tone and lack of practical application, the token quickly became a viral phenomenonappearing among the most traded assets in Solana blockchain in just 48 hours.
UFD’s success reflects a growing trend in crypto markets: investors’ willingness to take huge risks in pursuit of exponential profits.
THE quick appreciation of these coins, often driven by speculation and viral marketing, sparks both excitement and concerns. At the moment, UFD is quoted at $0.1742with a market value of US$174 million.
While this trader’s case is extraordinary, it also serves as a reminder of the risks associated with memecoins. Coins like UFD are known for their extreme volatilitylow liquidity and vulnerability to scamssuch as rug pull schemes. The lack of solid fundamentals makes these assets highly speculative.
To the memecoins gained popularity on blockchain Solana due to its transaction speed and low operating costs. This combination attracted developers and investors to create and trade tokens with humorous and viral themes, such as Samoyedcoin (SAMO) and Bonk (BONK).
These coins often excel in marketing on social platforms and supporting engaged communities, which results in high volatility and occasionally significant gains for traders.
Trader profits 3,600,000% with memecoin
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Trader profits 3,600,000% with memecoin
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Trader profits 3,600,000% with memecoin
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Trader profits 3,600,000% with memecoin
