This is what happens when you train well!
A mysterious figure in the cryptocurrency world turned an initial $645,000 investment into a whopping $4.3 million in just 48 hours on the Solana network. Lookonchain, a well-known blockchain analytics platform, reveals the interesting story behind this achievement.
See below for how it was done.
BOME for victory!
According to Lookonchain's findings, traders initiated strategic trades using BOME (Book Of Meme) tokens on the Solana network. Armed with $3,505 of his SOL tokens (valued at $645,000), the trader wasted no time in taking action. Within just two hours of the start of trading, they quickly accumulated his BOME tokens of a staggering 532.45 million.
But the story doesn't end there. Within just 10 hours, our elusive trader executed a brilliant exit strategy and sold all his BOME tokens for a hefty amount of 26,933 SOL tokens, resulting in a staggering $4.95 million. generated significant profits.
This transaction not only demonstrates the potential for significant wealth creation within the cryptocurrency space, but also highlights the inherent dynamics of the Solana blockchain.
BOME price analysis
Adding to the excitement, the value of the BOME token has skyrocketed, increasing by a staggering 290% in the past 24 hours alone, reaching $0.0171. This surge brought the BOME token's market capitalization to his $945 million, with trading volume reaching a staggering $2.7 billion.
With strategic moves and a keen eye for opportunities, you can certainly achieve great profits in the cryptocurrency market.
Also read: Top 10 little-known altcoins with 100x-200x returns
IWill it be a long-term play or a short-term squeeze? Let's hear your predictions!
