A Solana trader managed to transform approximately $80,000 into over $1.2 million with the meme coin AURA, only to lose nearly all his gains. This was highlighted by analysts at Arkham Intelligence.
This trader turned $80K into $1.2 MILLION — and then lost it all
Solana trader XCkM purchased $80K of AURA within 3 weeks of its launch on a different account. His holdings hit a peak value of $1.22M, as AURA briefly hit a market cap of over $75M.
However — not long after, the… pic.twitter.com/gUKZkvoF2k
— Arkham (@ArkhamIntel) September 11, 2024
According to their data, at the end of June, three weeks after the cryptocurrency’s launch, a user with the nickname XCkM acquired 16 million AURA for $80,000.
In August, when the coin’s market capitalization reached $75 million, the trader’s assets exceeded $1.22 million. However, following a market correction in September, this amount fell to $91,000.
Earlier, ForkLog reported that an unknown trader earned $670,000 in 48 hours on the VISTA token of the decentralized exchange Ethervista.