News

Trader Turns $1,795 Into Over $1 Million With Strategic Moves In $Ban MEMEcoin

In an impressive display of trading savvy, a trader turned a mere investment of $1,795 into an astonishing $873,000 in just two days by leveraging the volatile nature of the new MEMEcoin, $Ban.

This coin was launched by Michael Bouhanna using his wallet address “5W7U…b3cV,” which he once publicly acknowledged before deleting the post.

Bouhanna, who had previously invested in numerous MEMEcoins without seeing significant returns, decided to create $Ban, reportedly earning over $1 million through a single insider wallet.

The funds for “5W7U…b3cV” originated from another wallet, “EwVB…mD2,” known for its extensive trading in MEMEcoins but with minimal profits.

On October 22, “EwVB…mD2” engaged in trading over ten different MEMEcoins, leading Bouhanna to use the associated wallet to launch $Ban, aiming to capitalize on the hype.

Despite burning all 37.36 million $Ban tokens in his wallet amid market pressure, evidence shows that he used an insider wallet to purchase $Ban, yielding significant profits.

Related Post

Trader Makes Strategic Moves Around His $BAN Memecoin Holdings 

The trader initially bought 36.27 million $Ban with just 10.2 SOL (around $1,795) and quickly sold off portions during price surges, demonstrating a strategic approach rather than panic selling. After selling 12 million $Ban for approximately $56,900, the coin’s value plummeted by nearly 90%. However, instead of selling off the remainder in a panic, the trader patiently waited for another price surge.

Over time, he sold additional portions, ultimately cashing out a total of 6.13 million $Ban for about $80,700, while still holding onto 18.13 million $Ban, valued at roughly $734,000. This calculated approach resulted in profits exceeding $1 million, showcasing the potential for smart trading strategies in the dynamic world of cryptocurrencies.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!

Image Source: costello77/123RF // Image Effects by Colorcinch

Will Izuchukwu

Will is a News/Content Writer and SEO Expert with years of active experience. He has a good history of writing credible articles and trending topics ranging from News Articles to Constructive Writings all around the Cryptocurrency and Blockchain Industry.

Share
Published by
Will Izuchukwu

Recent Posts

Qubetics vs. VeChain vs. CryptoScan: Which Crypto Project Holds the Most Potential?

Investing in Crypto? Qubetics’ 1322% ROI Potential, VeChain’s Supply Chain Strength, and CryptoScan’s Transparency In…

18 mins ago

It Might Be Too Late to Buy Solana; But These 3 Early Altcoins Still Have 300% Upside Left

The recovery in the cryptocurrency market has pulled investors towards the renowned cryptocurrency project. As…

28 mins ago

Kaspa Vs Neiro: Which Coin Offers Better Opportunities For Crypto Trading, Or Will Cutoshi Win The Race?

While the price values of Kaspa (KAS) and Neiro Ethereum (NEIRO) are almost on a…

57 mins ago

Rollblock Acquires Polkadot Holders Who Are Still Bearish As It Crushes BNB For Yearly Gains!

Polkadot is still in bearish territory despite its recent ecosystem upgrades while BNB is starting…

1 hour ago

From Rising Crypto to Top Trending: Lunex Network Challenges XRP and DOGE  

Ripple XRP price hit obstacles at $0.66 amid a renewed Ripple-SEC battle as DOGE investors…

1 hour ago

Neiro ($NEIRO) Sees $100M Recovery And Fresh Wallet Accumulation As Trading Volume Soars

The Ethereum-based token Neiro ($NEIRO) experienced a remarkable 30% price surge within the past 24…

2 hours ago