Cryptocurrency Trader Transforms $800 into $1.3 Million in Two Weeks

Two weeks ago, an anonymous user invested 6 SOL (approximately $800 at the time of purchase) in the meme token Moo Deng (MOODENG). Now, the unrealized profit is estimated at around $1.3 million.

TRADER TURNS $800 INTO $1.3M

Remember this guy?

Trader Db3p turned 6 SOL ($800) into $400K in our last post.

He’s now up to $1.3M. https://t.co/Pnm3TFi9HR

— Arkham (@ArkhamIntel) September 23, 2024

Initially, analysts at Arkham noted the trader on September 17. At that time, the investor’s assets were valued at approximately $400,000.

He is now the largest holder of MOODENG.

The coin was launched via the Pump.fun platform on the Solana network. The asset is named after a popular baby hippo from Thailand.

The trader acquired the coin on September 10 after it moved beyond the “meme factory” and appeared on the DEX Raydium.

At the time of writing, the asset is trading around $0.05 with a market capitalization of $47.4 million.

Some users have speculated about insider trading.

Insider is not a trader but how awesome would be to track this things on Arkham and not on Solscan or other platforms ?

— Crypto Analytica (@crypto888inform) September 23, 2024

“Insider is not a trader, but how awesome would it be to track these things on Arkham and not on Solscan or other platforms?” wrote one community member.

Previously, ForkLog reported that an unknown individual earned over $124,000 in two weeks on the meme token TERMINUS, increasing their deposit 920 times.

Back in June, an insider trader made $5.6 million on DADDY, promoted by Andrew Tate. The former kickboxer launched the coin as a competitor to the MOTHER asset by singer Iggy Azalea.