- A crypto trader turns a $900 investment into $3.47 million in five days, marking a 3800-fold increase.
- The achievement is attributed to the strategic trading of ANALOS on the Solana network.
- ANALOS is currently trading at $0.002059, up 145% in the last 24 hours.
One trader on the Solana blockchain has captured the attention of the community by turning a $900 investment into a staggering $3.47 million in just five days.
The achievement, a remarkable 3800-fold increase in the initial investment, was accomplished through strategic trading of the recently popular token, ANALOS, on the Solana network.
According to a report by Lookonchain, the trader initially invested 12 SOL (Solana’s native cryptocurrency), equivalent to $900, to acquire 2.6 billion ANALOS tokens five days ago. Capitalizing on the surging value of ANALOS, the trader strategically sold 1.45 billion ANALOS, yielding a total of $1.43 million in USDC (USD Coin).
At present, the trader is actively liquidating the remaining 1.12 billion ANALOS tokens, valued at $2.04 million at the time of the report. If successfully sold, this would bring the total profit to $3.47 million.
ANALOS, a memecoin project within the Solana ecosystem, derives its name from spelling Solana backward. Launched just a few days prior to the report, ANALOS boasts a total supply of 100 billion tokens and has rapidly gained community attention, currently holding a total market cap valued at $200 million. From its opening price of 0.0005069, the AnaloS token has managed to rise by 269% to its current price.
According to CoinMarketCap, ANALOS is presently trading at $0.002059, reflecting a 145% increase in the last 24 hours. The trading volume has also surged to $80 million, indicating a substantial 42% increase.
In related news, AnaloS has successfully secured a $1 million investment from Gotbit Hedge Fund. As stated in a post by AnaloS, the funds will be utilized “for a special Christmas buyback.” The $1 million token repurchase plan is scheduled to take place on both decentralized and centralized exchanges.
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