“Crypto Trader Rakes in Over $5.7 Million After Investing Just $30 in SOL – The Latest Cryptocurrency News”

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An Unnamed Investor Makes an Unbelievable Fortune from a $2,220 Investment in Six Days
An anonymous trader was able to turn a $2,220 investment of 30 Solana tokens (SOL) into a staggering $5.7 million in just six days attributable to a series of precise trades.
As per blockchain analytics firm Lookonchain, on December 20th, an unfamiliar customer purchased 16 billion ANALOS, a fresh meme coin based on the Solana protocol with the spelling of the project misspelled upside-down. The trade occurred in the initial minute of trading opening in the liquidity pool of Raydium, a decentralized platform on Solana.
Subsequently, the speculator then sold 14.5 billion ANALOS to distinct locations for 3.45 million. In accompaniment, 1.56 billion ANALOS with a worth of $2.34 million remained in the investor’s four wallets, amounting to a massive 2,570% return, thus netting the investor a profit of over $5 million.
Since the outset of December, monthly active and new wallets on the Solana Mainnet have spiked to yearly highs concurrent with rising SOL prices. On December 24th, the token rose to $118 per token, the highest since April 2022. As of the time of writing, the asset is trading just over $114, an increase of 890% since the start of the year, according to CoinMarketCap.
Source: CoinMarketCapIn December, there were already multiple stories of traders rapidly amassing wealth due to the introduction of new tokens. The previous week, an anonymous user bought the Coq Inu tokens (COQ) for just $454 and earned $2.19 million in two weeks.
A separate investor gained over $1.5 million income from various meme coins on the Solana blockchain. This investor put in nearly $226,000 in Dogwifhat (WIF).

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Investor Shocks Everyone: Turns $2,220 into Over $5 Million in Just Six Days!