The Lookonchain blockchain follow-up platform says that a Crypto trader has transformed less than ten thousand dollars into millions in just one month by betting on a crypto project built in the Solana (soil) ecosystem.
According to Lookonchain, the unidentified merchant bought the native token of the launch part of the Crypto Social Finance (Socialfi) project on belief (Launchcoin) worth around $ 9,075 and transformed it into $ 4.7 million, a return of 517X.
Lookonchain claims more than another trader, known pseudonym under the name of Pow, recorded a return on 7x on Launchcoin.
“From nearly zero to $ 2.7 million – absolute legend!
Three months ago, @traderpow spent 1,466 soil ($ 367,000) to buy 17.66 million throws, to watch it crash approximately 99%.
But he held.
Now, with Launchcoin breaking a market capitalization of $ 150 million, its 17.66 million throws are worth $ 2.7 million! »»
The blockchain follow-up platform also highlights a trader that recorded a loss of hundreds of thousands of dollars after a Launchcoin price crisis about three months ago.
“If this merchant had been more patient, he could have won $ 7.3 million instead of losing $ 800,000.
Three months ago, he bought 45 million throws near the summit, spending about $ 828,000.
But shortly after, Launchcoin crashed more than 90%.
He sold 45 million throws (now estimated at $ 8.2 million) for only $ 29,000 with a loss of $ 800,000. »»
Launchcoin is negotiated at $ 0.191 at the time of writing, up 7,000% compared to May 8 of $ 0.00269. Launchcoin is currently classified 316th by market capitalization, which exceeds just over 195 million dollars.
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