The user multiplied his investment by 750 times on the Apu Apustaja (APU) meme token. Lookonchain analysts reported this.
Is #MEME season on #Ethereum coming again?
This trader turned $9K into $6.27M on #Ethereum in only 1 month, a gain of 693x!
He spent 2.385 $ETH($9K) to buy 8.36B $APU from Mar 11 to Mar 24.
The 8.36B $APU is now worth $6.27M!https://t.co/hcpCnTWxL1 pic.twitter.com/LXlB5dVSWY
— Lookonchain (@lookonchain) April 11, 2024
From March 11 to March 24 user bought 8.36 billion APU for 2.385 ETH (about $9,000 at that time).
On April 11, the price of the meme coin reached its maximum at levels above $0.00076, and the capitalization amounted to almost $200 million. The value of the coins at the trader’s address reached approximately $6.5 million.
On April 12, the user made six transactions, moving just over 8.3 billion APU.
One of X's users praised trader for holding the position, another suggested that it was the developer. In response, one community member stated that he bought an APU “at the same time.”
No. I bought at the same time of him. He is just early.
— X (@yourfrenapu) April 11, 2024
Another commenter suggested that the user “knows something” if he is still holding onto the coins.
Bro still holds? He must know something ☠️
— DeFi Warhol (@Defi_Warhol) April 11, 2024
Previously, the trader increased his investment by 195 times using the EPIK meme token on the Solana blockchain. Prior to this, one user turned 0.1 ETH into $8.39 million in small-cap coins.
Source: Cryptocurrency
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