A savvy trader has managed to transform an initial $115,000 investment into an impressive $3.9 million on the Base network in under 20 days, primarily through strategic trades in memecoins.
The trader’s most notable gain came from $AIXBT, where they turned $88.5K into a profit of approximately $3 million, achieving a 34x return. Additionally, they earned $360K from $SAINT (34x) and $333K from $VADER (24x), further solidifying their success in the memecoin market.
Their journey began on November 10, when they bridged funds to Base and started investing in tokens such as $AIXBT, $SAINT, $VADER, and $ECHO, profiting from all these assets. Here’s a breakdown of their key investments and unrealized gains:
– $SAINT: Spent 30,000 VIRTUAL ($10.6K) to acquire 9.17 million tokens, now with an unrealized profit of $360K (+3386%).
– $VADER: Spent 24,000 VIRTUAL ($13.7K) to buy 6.45 million tokens, resulting in an unrealized profit of $333K (+2428%).
– $ECHO: Spent 30,580 VIRTUAL ($28.5K) to purchase 7.52 million tokens, currently yielding an unrealized profit of $26K (+92%).
1/ This trader turned $115K into $3.9M on #Base in less than 20 days!
He made ~$3M(34x) on $AIXBT, $360K(34x) on $SAINT and $333K(24x) on $VADER. pic.twitter.com/AMUPy9QIuI
— Lookonchain (@lookonchain) November 29, 2024
For $AIXBT, the trader initially bought 14.93 million tokens with 235,141 VIRTUAL ($88.5K). They have since sold 1.95 million tokens for $400K, with the remaining 12.97 million valued at $2.7 million.
Four hours ago, the trader made another notable move, purchasing 10,197 $SPEC tokens for 150,000 USDC.
This incredible run highlights the lucrative potential of memecoins on Base, underscoring the importance of timing and strategic allocation in the fast-paced crypto market.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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Image Source: calima3d/123RF // Image Effects by Colorcinch
