A fortunate trader has struck gold with a Solana (SOL) based memecoin that has surged over 1,200% in just three weeks, as per data from blockchain tracking firm Lookonchain. The data reveals that a participant in the Beercoin (BEER) pre-sale has walked away with more than $1 million in profit.
According to Lookonchain, the BEER pre-sale participant invested 301.2 SOL ($50,000) and received 3.38 billion BEER tokens. Subsequently, on May 26th, they exchanged 5.45 billion BONK ($192,000) for 1.86 billion BEER. After BEER was listed on Gate.io, they deposited 240 million ($120,000) for profit, selling 4.6 billion BEER ($1.34 million) on June 14th. The participant now holds 400 million BEER ($109,000) with a total profit exceeding $1.3 million.
BEER’s value has skyrocketed from $0.000018 on May 24th to $0.000245 at the time of writing, marking a 1,261% increase.
Lookonchain also highlights a crypto whale who has seen substantial gains from their holdings in Pendle (PENDLE), a platform that allows users to tokenize and sell future yields. The whale deposited 755,000 PENDLE ($3.83 million) on Binance for profit on June 11th. They withdrew 5.02 million PENDLE ($2.73 million at the time) on August 18th, 2023, when the price was $0.54. Currently, the whale holds 4.27 million PENDLE ($21.7 million) with a total profit of $22.8 million (+834%).
Pendle is currently trading at $4.93, slightly down in the last 24 hours.
Lastly, Lookonchain reveals that a crypto investor has made a 1,110% profit in just eight days after purchasing Mother Iggy (MOTHER) tokens, a cryptocurrency venture by Australian rapper Iggy Azalea. The investor spent $777,000 to acquire 50.35 million MOTHER tokens from May 29th to June 1st and currently holds them, which are now worth $9.4 million.
At the time of writing, MOTHER is trading at $0.13, down nearly 7% in the last 24 hours.
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