{"id":17782,"date":"2024-10-15T13:10:25","date_gmt":"2024-10-15T10:10:25","guid":{"rendered":"https:\/\/forklog.com\/en\/trader-turns-727-into-2-42-million-with-meme-token-goat\/"},"modified":"2024-10-15T13:10:25","modified_gmt":"2024-10-15T10:10:25","slug":"trader-turns-727-into-2-42-million-with-meme-token-goat","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/trader-turns-727-into-2-42-million-with-meme-token-goat\/","title":{"rendered":"Trader Turns $727 into $2.42 Million with Meme Token GOAT"},"content":{"rendered":"<p>An unidentified trader invested 5 SOL ($727) to acquire 15.5 million meme tokens GOAT. Four days later, they sold 5.7 million GOAT for 5949 SOL (~$931,000), as noted by Lookonchain.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">This guy turned $727 into $2.42M in just 4 days, a 3,329x return!?<\/p>\n<p>He spent 5 <a href=\"https:\/\/twitter.com\/search?q=%24SOL&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$SOL<\/a>($727) to buy 15.15M <a href=\"https:\/\/twitter.com\/search?q=%24GOAT&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$GOAT<\/a> 4 days ago and sold 5.7M <a href=\"https:\/\/twitter.com\/search?q=%24GOAT&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$GOAT<\/a> for 5,949 <a href=\"https:\/\/twitter.com\/search?q=%24SOL&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$SOL<\/a>($931K) in the past 8 hours, leaving 9.45M <a href=\"https:\/\/twitter.com\/search?q=%24GOAT&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$GOAT<\/a>($1.49M).<a href=\"https:\/\/t.co\/GeXNlongIW\">https:\/\/t.co\/GeXNlongIW<\/a> <a href=\"https:\/\/t.co\/n5OEwZ1BEk\">pic.twitter.com\/n5OEwZ1BEk<\/a><\/p>\n<p>\u2014 Lookonchain (@lookonchain) <a href=\"https:\/\/twitter.com\/lookonchain\/status\/1846032429943083413?ref_src=twsrc%5Etfw\">October 15, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The investor&#8217;s wallet still holds 9.45 million GOAT valued at $1.49 million. Theoretically, their initial investment has grown 3,329 times to $2.42 million.<\/p>\n<p>Commentators suspected insider trading.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;This guy is the developer. It&#8217;s simple,&#8221; <a href=\"https:\/\/x.com\/CapDefender\/status\/1846034020993225087\">wrote<\/a> one of them.<\/p>\n<\/blockquote>\n<p>A user by the name CryptoLord NE also suggested it resembles a scheme: the creator buys the coin with one wallet and &#8220;pumps&#8221; others.<\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">Dev buys with one wallet and pumps with the other<\/p>\n<p>\u2014 CryptoLord NE ?? (@CryptoDefiLord) <a href=\"https:\/\/twitter.com\/CryptoDefiLord\/status\/1846034625568686092?ref_src=twsrc%5Etfw\">October 15, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;LookonChain is one of the biggest BS narrators. Clearly, it&#8217;s the developer who bought in the first five minutes after the coin&#8217;s launch and then dumped it. And now you&#8217;re shilling it,&#8221; stated another commentator.<\/p>\n<\/blockquote>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">This LookonChain is one of the most BS handles. Its clearly the Dev who bought in the first 5 min of the coin being created and later dumped and your shilling that now<\/p>\n<p>\u2014 P (@MrVandelayArt) <a href=\"https:\/\/twitter.com\/MrVandelayArt\/status\/1846046638936346776?ref_src=twsrc%5Etfw\">October 15, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>In September, an unknown investor spent $815 in SOL to purchase 30.1 million meme coins MOODENG. Seventeen days later, the asset&#8217;s value rose to $9.4 million.<\/p>\n<p>Billionaire Mark Cuban opines that all meme tokens are potentially &#8220;prolonged&#8221; rug pull schemes.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>An unidentified trader invested 5 SOL ($727) to acquire 15.5 million meme tokens GOAT. Four days later, they sold 5.7 million GOAT for 5949 SOL (~$931,000), as noted by Lookonchain. This guy turned $727 into $2.42M in just 4 days, a 3,329x return!? He spent 5 $SOL($727) to buy 15.15M $GOAT 4 days ago and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":17781,"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],"class_list":["post-17782","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-trading","tag-memes"],"aioseo_notices":[],"amp_enabled":true,"views":"52","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/17782","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=17782"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/17782\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/17781"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=17782"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=17782"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=17782"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}