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Trader turns $1,100 into $1.8 million in 20 days with memecoins
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Since Donald Trump’s victory in the United States elections, the cryptocurrency market has seen strong appreciation, with many traders making millions in profits. One such trader recently multiplied his capital by almost 2,000 times, turning $1,100 into more than $1.8 million.
As data from Lookonchain shows, the trader carried out the operation in 20 days, obtaining a return of 1,654 times on his initial investment. These returns came from just two memecoins, URO and RIF, purchased in separate operations.
Initially, the trader identified immense potential in the URO token 20 days ago. Although the token is relatively unknown, the trader invested 4.35 Solana (SOL), the equivalent of US$768 at the time.
With this, he purchased 16.44 million URO, which was the right decision as the token grew exponentially. In just 20 days, the $800 worth of tokens grew to $523,000, generating a huge return on investment.
URO: winning bet
For many, it was mere luck in cryptocurrency trading, but the way the trader operated is more of a strategic move. With this first operation, he obtained a return of 714 times on his investment of US$800.
However, that wasn’t all as Lookonchain reveals more investments that helped investors grow their cryptocurrency portfolio. And the second memecoin the trader acquired was even more profitable.
After new strategic research, the trader found a new “gem” among memecoins, RIF. This operation was carried out 17 days ago, when the trader invested 1.8 SOL, worth around US$300, and purchased 11.85 million RIF.
Still, he sold 1 million RIF after its market value grew exponentially, earning him over $94,000 worth of USDC.
This decision changed his cryptocurrency portfolio. At this point, he made $617,335 with URO and RIF investing just over $1,000, but his gains didn’t stop there.
As of this writing, the trader still has 10.84 million RIF worth US$12.65 million based on the token’s current price. RIF price grew to $0.1167 after a nearly 15% increase for the week. As a result, your investment of US$1,100 thousand turned into US$1,882,363, generating a profit of US$1.88 million in 20 days.
Trader turns $1,100 into $1.8 million in 20 days with memecoins
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Trader turns $1,100 into $1.8 million in 20 days with memecoins
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Trader turns $1,100 into $1.8 million in 20 days with memecoins
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Trader turns $1,100 into $1.8 million in 20 days with memecoins
