{"id":11506,"date":"2024-03-12T09:41:04","date_gmt":"2024-03-12T07:41:04","guid":{"rendered":"https:\/\/forklog.com\/en\/trader-turns-4-into-63400-with-meme-coin-investment\/"},"modified":"2024-03-12T09:41:04","modified_gmt":"2024-03-12T07:41:04","slug":"trader-turns-4-into-63400-with-meme-coin-investment","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/trader-turns-4-into-63400-with-meme-coin-investment\/","title":{"rendered":"Trader Turns $4 into $63,400 with Meme Coin Investment"},"content":{"rendered":"<p>A Solana holder managed to earn $63,400 in just five hours with minimal investment in the meme coin WolfWifBallz, as noted by analysts at Lookonchain.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">What can you do with $4?<\/p>\n<p>This trader made $63.4K with only $4!<\/p>\n<p>He spent 0.025 <a href=\"https:\/\/twitter.com\/search?q=%24SOL&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$SOL<\/a>($4) to buy <a href=\"https:\/\/twitter.com\/hashtag\/MEMEcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#MEMEcoin<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24BALLZ&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BALLZ<\/a>, and sold it for 428.15 <a href=\"https:\/\/twitter.com\/search?q=%24SOL&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$SOL<\/a>($63.4K) 5 hours later.<\/p>\n<p>Making 428 <a href=\"https:\/\/twitter.com\/search?q=%24SOL&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$SOL<\/a>($63.4K), a gain of 17,125x!<a href=\"https:\/\/t.co\/zs2Y4CWKfD\">https:\/\/t.co\/zs2Y4CWKfD<\/a> <a href=\"https:\/\/t.co\/CDzL4T866X\">pic.twitter.com\/CDzL4T866X<\/a><\/p>\n<p>\u2014 Lookonchain (@lookonchain) <a href=\"https:\/\/twitter.com\/lookonchain\/status\/1767229289374814670?ref_src=twsrc%5Etfw\">March 11, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>On March 10, a user <a href=\"https:\/\/solscan.io\/tx\/2aB8yQY7ijE4zh37W25PzasBqABySMg9zchJdyEnTZgtZY9CrwZqa6vQWPJRCT4hNZbYyX3YkMJianJ9u2P6LWtQ\">spent<\/a> 0.025 SOL ($4) to purchase 4,367,218.49 BALLZ. Five hours later, following a significant price increase, the assets were sold for 428.15 SOL ($63,400).<\/p>\n<p>The gain amounted to 17,125 times the initial investment.<\/p>\n<p>Users on X have already accused a group of bloggers of <span data-descr=\"promotion or simply coverage of a project\/token for profit\" class=\"old_tooltip\">shilling<\/span> the coin to execute a Pump &#038; Dump scheme. They drew parallels with another Solana-based token, analoS, launched in December 2023. At that time, traders also made substantial profits by buying in the first minutes after trading opened. In January 2024, analoS <a href=\"https:\/\/forklog.com\/en\/news\/solana-meme-tokens-plummet-after-december-surge\">plummeted by 92%<\/a>.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Don&#8217;t be trapped in new scams.<\/p>\n<p>A group of fraudulent influencers is shilling <a href=\"https:\/\/twitter.com\/search?q=%24BALLZ&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BALLZ<\/a>, grifters who previously shilled <a href=\"https:\/\/twitter.com\/search?q=%24Analos&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$Analos<\/a>.<\/p>\n<p>They are dumping a small amount of <a href=\"https:\/\/twitter.com\/search?q=%24BALLZ&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BALLZ<\/a> on you every second.<br \/>Using bot buying to trend on Dexscreener &#038; Birdeye.<\/p>\n<p>Note ; those who are shilling this\u2026 <a href=\"https:\/\/t.co\/wTtgvg8pq4\">pic.twitter.com\/wTtgvg8pq4<\/a><\/p>\n<p>\u2014 Vasu Crypto (\u220e, \u2206) (@0x_Lens) <a href=\"https:\/\/twitter.com\/0x_Lens\/status\/1767024778681139300?ref_src=twsrc%5Etfw\">March 11, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The new meme coin BALLZ is available on the Raydium exchange. Over the past day, its trading volume has dropped by 51.30%. During the same period, its price has decreased by 36.1% and is currently $0.02326, according to <a href=\"https:\/\/www.coingecko.com\/ru\/%D0%9A%D1%80%D0%B8%D0%BF%D1%82%D0%BE%D0%B2%D0%B0%D0%BB%D1%8E%D1%82%D1%8B\/wolfwifballz\">CoinGecko<\/a>.<\/p>\n<p>In late February, another trader <a href=\"https:\/\/forklog.com\/en\/news\/trader-nets-225000-from-low-volume-token\">earned $225,000<\/a> from a token with minimal trading volume.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A Solana holder managed to earn $63,400 in just five hours with minimal investment in the meme coin WolfWifBallz, as noted by analysts at Lookonchain. What can you do with $4? This trader made $63.4K with only $4! He spent 0.025 $SOL($4) to buy #MEMEcoin $BALLZ, and sold it for 428.15 $SOL($63.4K) 5 hours later. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":11505,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1267,1161,1159,436],"class_list":["post-11506","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-trading","tag-memes","tag-solana-sol","tag-trading"],"aioseo_notices":[],"amp_enabled":true,"views":"20","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/11506","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=11506"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/11506\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/11505"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=11506"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=11506"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=11506"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}