- Memecoin investors earn over $2 million, profiting from MANEKI and BOME trades.
- Trader seizes opportunity with BOME listing on Binance, netting profits from DEX purchase and subsequent liquidation.
- Despite setbacks, strategic investments in BOME, SLERF, and MANEKI prove profitable.
On-chain provider Lookonchain revealed the trading activities of a crypto investor which attracted considerable attention after earning over $2 million through trading meme coins.
Analysis of recent transactions showed that the investor purchased MANEKI for 300 SOL, worth $45.6K, and sold it for 2,462 SOL at $381K. Moreover, Lookonchain noted that his most lucrative venture was BOME, which yielded a significant return of 6,495 SOL, valued at $1.23M.
Upon Binance’s announcement of the BOOK OF MEME’s (BOME) listing, the trader seized the opportunity to acquire 3,000 SOL worth of the token from DEX. Afterward, he promptly deposited it on Binance for profitable liquidation.
Based on data from CoinMarketCap, BOME trades at $0.010281, reflecting a 21% price increase month-to-date. Over the past 30 days, there have been 15 ‘green days,’ where the daily closing price outpaced the daily opening price.
However, the meme investor’s trading journey has not been without setbacks. A few hours ago, he succumbed to FOMO (fear of missing out) and invested 100 SOL in purchasing ANSOM at inflated prices.
Unfortunately, the subsequent sale of ANSOM resulted in a loss, with the trader only able to recoup 53.87 SOL, translating to a loss of 46.13 SOL. In the early hours of today, ANSOM witnessed a significant rally, rising to $0.00357758. However, the coin later dipped by 82.51%, trading at $0.0006257, per CoinGecko. Nonetheless, ANSOM has printed a 232.4% value increase over the last intraday trading session.
Despite trading approximately 60 coins over five months, the trader’s success rate remains below 33%. Even so, strategic investments in tokens like BOME, SLERF, and MANEKI proved profitable.
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