The cryptocurrency market is known for its ability to create several rags-to-riches stories. In a similar case, a smart Solana investor decided to invest a tiny $29 and managed to turn it into a staggering $125,000 within three minutes.
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According to data from Lookonchain, a Solana (SOL) trader used only 0.2 to buy MBAPPE tokens, which were only worth $29. At press time, SOL was trading at $139.54, with a 4% drop over the past 24 hours.
The trader sold the currency in three minutes and made 866.13 SOL, which was worth about $125,160. This is an incredible 4,330x return on his investment. Considering the swift strategic trade, several accused the trader of being an insider.
This wasn’t the first time that the Solana investor made strategic moves. It should be noted that the investor traded 251 distinct meme coins in the last month.
The trader invested as little as 0.1, 0.2, or 0.3 SOL each time. In spite of the hazardous approach, the trader ended up with a 35.46% win rate and $126,700 in total winnings.
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Looking Into the MBAPPE Token
The football player and the MBAPPE coin have generated a lot of discussion. Mbappé’s X account was recently compromised, and the perpetrator is thought to have created the phoney MBAPPE cryptocurrency, which surged before collapsing. While the above story was a success, there are several victims of this story.
According to a different data set provided by Lookonchain, one investor lost more than $1 million in a single hour.
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After purchasing MBAPPE for 7,156 SOL, which was worth $1.03 million at the time of purchase, one investor saw the value of their investment drop to just $9,200.