Crypto Trader Turns $645K into $4.3M in Two-Day, Here Is How?

The post Crypto Trader Turns $645K into $4.3M in Two-Day, Here Is How? appeared first on Coinpedia Fintech News

Lookonchain, the leading blockchain analytics platform, has shown impressive trading achievements involving a trader whose identity remains anonymous entered the spotlight after turning $645k into $4.3 million in just two days on the Solana network.

4.3 Million Dollar Trade

According to Lookonchain’s findings, the traders initiated strategic trades using the BOME (Book Of Meme) token on the Solana network. Starting with an initial investment of $3,505 SOL tokens, equivalent to almost $645,000, the trader took the opportunity to purchase 532.45 million BOME tokens in just two hours after the trading opened.

Within 10 hours, the trader executed a strategic exit, selling all of his holdings of $BOME tokens for 26,933 $SOL tokens, which equates to an impressive $4.95 million. 

The transaction not only demonstrates the potential for significant wealth creation within the cryptocurrency space but also highlights the intrinsic dynamics of the Solana blockchain.

BOME Price Analysis

The Bome token is currently experiencing an incredible bounce, trading at $0.0171, representing an impressive 290% increase in the last 24 hours. This increase brought the market capitalization of the Bome token to $945 million, with trading volume increasing dramatically to $2.7 billion