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Inside the $BAKED Token Frenzy: How a Solana Trader Turned $10K into $3 Million!


by CoinEdition
Crypto Trader Turns $9,923 into $3 Million with $BAKED—But There's a Catch!
  • Strategic trading and timing enabled a trader to achieve a remarkable 307x gain with $BAKED token.
  • Insider involvement in initial token distribution raises questions about fairness and transparency.
  • Despite market volatility, $BAKED token shows resilience with incremental price gains and steady trading activity.

A Solana-based trader turned a modest 70 SOL (approximately $9,923) into a staggering $3.05 million in a whirlwind 30-minute trade, capitalizing on the controversial launch of the $BAKED token on the DegenFund platform. The details behind this transaction reveal a mixture of strategic timing and a bit of luck, perhaps!

The incident raised eyebrows and sparked accusations of insider trading, as blockchain data reveals that the token’s developers and associated wallets quickly amassed the majority of the supply.

$BAKED’s launch, however, was not without controversy. Look…

The post Inside the $BAKED Token Frenzy: How a Solana Trader Turned $10K into $3 Million! appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Can Solana (SOL) Bulls Beat the Bears and Break Through Resistance?

Can Solana (SOL) Bulls Beat the Bears and Break Through Resistance?

With the Fear and Greed Index at around 55, the market sentiment falls under the neut...
Solana Treasury Company Upexi Surpasses 2M in SOL Holdings

Solana Treasury Company Upexi Surpasses 2M in SOL Holdings

Upexi increased its holdings of Solana's sol by 172% in July, reaching over 2 million...

Inside the $BAKED Token Frenzy: How a Solana Trader Turned $10K into $3 Million!


by CoinEdition
Crypto Trader Turns $9,923 into $3 Million with $BAKED—But There's a Catch!
  • Strategic trading and timing enabled a trader to achieve a remarkable 307x gain with $BAKED token.
  • Insider involvement in initial token distribution raises questions about fairness and transparency.
  • Despite market volatility, $BAKED token shows resilience with incremental price gains and steady trading activity.

A Solana-based trader turned a modest 70 SOL (approximately $9,923) into a staggering $3.05 million in a whirlwind 30-minute trade, capitalizing on the controversial launch of the $BAKED token on the DegenFund platform. The details behind this transaction reveal a mixture of strategic timing and a bit of luck, perhaps!

The incident raised eyebrows and sparked accusations of insider trading, as blockchain data reveals that the token’s developers and associated wallets quickly amassed the majority of the supply.

$BAKED’s launch, however, was not without controversy. Look…

The post Inside the $BAKED Token Frenzy: How a Solana Trader Turned $10K into $3 Million! appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Can Solana (SOL) Bulls Beat the Bears and Break Through Resistance?

Can Solana (SOL) Bulls Beat the Bears and Break Through Resistance?

With the Fear and Greed Index at around 55, the market sentiment falls under the neut...
Solana Treasury Company Upexi Surpasses 2M in SOL Holdings

Solana Treasury Company Upexi Surpasses 2M in SOL Holdings

Upexi increased its holdings of Solana's sol by 172% in July, reaching over 2 million...