An unknown cryptocurrency trader turned $12,300 into $1.72 million in just four days by investing in the meme coin PEW. This remarkable profit came from an initial purchase of 27.05 billion PEW tokens for 3.2 ETH.
The trader sold 8.05 billion PEW for 83.5 ETH, or about $315,000, while retaining 18 billion PEW, now worth $1.42 million. These tokens are spread across 15 different addresses for strategic diversification.
Community members speculated that the trader might be an insider, given the rapid release of similar tokens. The trader’s choice to operate on the Ethereum network, despite its higher transaction fees, also drew attention.
This story resembles a past incident where an investor multiplied their deposit 762 times with the meme coin MOTHER on the Solana network. Such rapid gains highlight the volatile yet lucrative nature of meme coin investments and emphasize the importance of timing and strategic investment in the dynamic cryptocurrency market.
