{"id":12309,"date":"2024-04-05T16:07:13","date_gmt":"2024-04-05T13:07:13","guid":{"rendered":"https:\/\/forklog.com\/en\/trader-nets-1-million-in-a-day-from-epik-meme-token\/"},"modified":"2024-04-05T16:07:13","modified_gmt":"2024-04-05T13:07:13","slug":"trader-nets-1-million-in-a-day-from-epik-meme-token","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/trader-nets-1-million-in-a-day-from-epik-meme-token\/","title":{"rendered":"Trader Nets $1 Million in a Day from EPIK Meme Token"},"content":{"rendered":"<p>A trader multiplied their investment by 195 times with a meme token on the Solana blockchain, as noted by analysts at Lookonchain.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">In just 1 day, this guy made 5,906.4 <a href=\"https:\/\/twitter.com\/search?q=%24SOL&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$SOL<\/a>($1.03M) with only 30.3 <a href=\"https:\/\/twitter.com\/search?q=%24SOL&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$SOL<\/a>($5.3K) on <a href=\"https:\/\/twitter.com\/hashtag\/Solana?src=hash&#038;ref_src=twsrc%5Etfw\">#Solana<\/a>, a gain of 195x.<\/p>\n<p>He spent 30.3 <a href=\"https:\/\/twitter.com\/search?q=%24SOL&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$SOL<\/a>($5.3K) to buy 261.27M <a href=\"https:\/\/twitter.com\/search?q=%24EPIK&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$EPIK<\/a> and sold 231.27M <a href=\"https:\/\/twitter.com\/search?q=%24EPIK&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$EPIK<\/a> for 5,936.7 <a href=\"https:\/\/twitter.com\/search?q=%24SOL&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$SOL<\/a>($1.04M).<\/p>\n<p>Address:<a href=\"https:\/\/t.co\/AFmCrkNsSr\">https:\/\/t.co\/AFmCrkNsSr<\/a> <a href=\"https:\/\/t.co\/usKEYS7Kqh\">pic.twitter.com\/usKEYS7Kqh<\/a><\/p>\n<p>\u2014 Lookonchain (@lookonchain) <a href=\"https:\/\/twitter.com\/lookonchain\/status\/1776159142924685401?ref_src=twsrc%5Etfw\">April 5, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>On April 4, a user <a href=\"https:\/\/solscan.io\/account\/GE4LX5DcEAfgVD1MZ1ahiUJboL3G3X4yuh2gcRytjvL5#splTransfers\">purchased<\/a> 261.27 million TEH EPIK DUCK (EPIK) coins for 30.3 SOL ($5300). The following day, through a series of transactions, they sold 231.27 million EPIK for 5936.7 SOL ($1.04 million).<\/p>\n<p>Subsequently, the address continued to buy and sell the meme coin.<\/p>\n<p>In the comments, users warned that such trading stories often resemble a Pump &#038; Dump scheme.<\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\">\n<p lang=\"en\" dir=\"ltr\">Do you know that they make fake trades among themselves and earn 200x profit in order to look like a successful wallet and then get a lot of people to follow them wallet and attract volume to the ridiculous coin they will issue?<\/p>\n<p>\u2014 Tahir (@tahirdik) <a href=\"https:\/\/twitter.com\/tahirdik\/status\/1776159831381959036?ref_src=twsrc%5Etfw\">April 5, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Previously, ForkLog reported that a trader turned 0.1 ETH into $8.39 million with low-cap tokens.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A trader multiplied their investment by 195 times with a meme token on the Solana blockchain, as noted by analysts at Lookonchain. In just 1 day, this guy made 5,906.4 $SOL($1.03M) with only 30.3 $SOL($5.3K) on #Solana, a gain of 195x. He spent 30.3 $SOL($5.3K) to buy 261.27M $EPIK and sold 231.27M $EPIK for 5,936.7 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":12308,"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-12309","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":"18","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/12309","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=12309"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/12309\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/12308"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=12309"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=12309"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=12309"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}