An unidentified user transformed $35,000 into $8.9 million in under two hours using the cat in a dogs world (MEW) token. Analysts at Lookonchain highlighted this remarkable feat.
Crazy! ?
This guy turned $35K into $8.9M in less than 2 hours!
He spent 178.2 $SOL($35K) to buy 4.41B $MEW ~2 hours ago.
And the 4.41B $MEW is worth $8.9M now, with an unrealized profit of ~$8.89M and a gain of 255x!https://t.co/5X0iok8J9b pic.twitter.com/vdpwKBlOUh
— Lookonchain (@lookonchain) March 26, 2024
On March 26, the trader spent 178.2 SOL ($35,000) to purchase 4.41 billion MEW.
Within a couple of hours, the value of the “cat” token surged to $8.9 million, a 255-fold increase. Consequently, the unrealized profit amounted to approximately $8.89 million.
Earlier, ForkLog reported that a Solana trader missed the chance to earn $1 million on the meme token BOME.