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Trader Makes $245K With an Initial Investment of 4 Solana Tokens


by CoinEdition

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SOL Price Down 6% After FTX Transfers 250K Tokens To Kraken
  • An on-chain analyst, Lookonchain, reports a trader’s staggering 563x gain within five days using BORK.
  • BORK has gained attention in the crypto space, transitioning into a Solana validator operator.
  • Solana Labs’ co-founder, Toly, acknowledged BORK’s contribution with a light-hearted comment.

According to the latest tweet by on-chain analyst Lookonchain, a trader made a staggering gain of 563x within just five days, making approximately $245,000 with an initial investment of 4 SOL.

The strategic move involved the quick identification of a meme coin named BORK within the first 10 minutes of its listing. Seizing the opportunity, the trader invested 4 SOL to acquire a substantial amount of BORK, totaling 1.2 billion tokens. Subsequently, the trader capitalized on the meme coin’s volatility, selling 888 million BORK for an impressive return of 1,454 SOL.

As of the latest update, the trader still holds 311.4 million BORK, equivalent to 800 SOL, signifying an ongoing engagement with the meme coin. The meteoric rise in value showcases the rise in the value of meme coins in the Solana ecosystem.

Beyon…

The post Trader Makes $245K With an Initial Investment of 4 Solana Tokens appeared first on Coin Edition.

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In This News

Coins

$ 0.00105

$ 129.83

-1.89%

$ 0.0387

+1.17%

$ 0.00227


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In This News

Coins

$ 0.00105

$ 129.83

-1.89%

$ 0.0387

+1.17%

$ 0.00227


Share:

Read More

JPMorgan Arranges $50M Tokenized Debt on Solana: Galaxy Digital Issues, USDC Settles

JPMorgan Arranges $50M Tokenized Debt on Solana: Galaxy Digital Issues, USDC Settles

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Keel Launches $500M ‘Tokenization Regatta’ to Bootstrap Solana’s Real-World Asset Market

Keel Launches $500M ‘Tokenization Regatta’ to Bootstrap Solana’s Real-World Asset Market

The race to tokenize global finance found a new engine in Abu Dhabi today. During the...

Trader Makes $245K With an Initial Investment of 4 Solana Tokens


by CoinEdition

Share:

SOL Price Down 6% After FTX Transfers 250K Tokens To Kraken
  • An on-chain analyst, Lookonchain, reports a trader’s staggering 563x gain within five days using BORK.
  • BORK has gained attention in the crypto space, transitioning into a Solana validator operator.
  • Solana Labs’ co-founder, Toly, acknowledged BORK’s contribution with a light-hearted comment.

According to the latest tweet by on-chain analyst Lookonchain, a trader made a staggering gain of 563x within just five days, making approximately $245,000 with an initial investment of 4 SOL.

The strategic move involved the quick identification of a meme coin named BORK within the first 10 minutes of its listing. Seizing the opportunity, the trader invested 4 SOL to acquire a substantial amount of BORK, totaling 1.2 billion tokens. Subsequently, the trader capitalized on the meme coin’s volatility, selling 888 million BORK for an impressive return of 1,454 SOL.

As of the latest update, the trader still holds 311.4 million BORK, equivalent to 800 SOL, signifying an ongoing engagement with the meme coin. The meteoric rise in value showcases the rise in the value of meme coins in the Solana ecosystem.

Beyon…

The post Trader Makes $245K With an Initial Investment of 4 Solana Tokens appeared first on Coin Edition.

Read the article at CoinEdition

In This News

Coins

$ 0.00105

$ 129.83

-1.89%

$ 0.0387

+1.17%

$ 0.00227


Share:

In This News

Coins

$ 0.00105

$ 129.83

-1.89%

$ 0.0387

+1.17%

$ 0.00227


Share:

Read More

JPMorgan Arranges $50M Tokenized Debt on Solana: Galaxy Digital Issues, USDC Settles

JPMorgan Arranges $50M Tokenized Debt on Solana: Galaxy Digital Issues, USDC Settles

JPMorgan expanded its digital asset strategy with a new commercial paper issuance exe...
Keel Launches $500M ‘Tokenization Regatta’ to Bootstrap Solana’s Real-World Asset Market

Keel Launches $500M ‘Tokenization Regatta’ to Bootstrap Solana’s Real-World Asset Market

The race to tokenize global finance found a new engine in Abu Dhabi today. During the...