This Crypto Trader Bagged $840K by Creating 17,000 Meme Coins in 3 Months
A crypto trader has achieved significant profits by launching nearly 18,000 tokens over three months on the meme coin launchpad Pump.fun. This trader, using a Solana wallet, reportedly made over $840,000, successfully profiting from 79% of trades. The strategy involves creating tokens at no cost and selling them shortly after they gain traction in the market. For instance, one notable trade involved a token that skyrocketed 866% in value within minutes, yielding a $16,400 profit on an $8,410 investment. However, not all trades have been fruitful; in one case, the trader sold too early and missed out on over $500,000 in potential profits. The trader has received multiple rewards as tokens graduated to external exchanges, indicating a profitable operation primarily through self-created tokens. Overall, this reflects the rapidly evolving landscape of meme coins and the potential for significant returns, albeit with inherent risks in timing and strategy.
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