While a new memecoin emerges every day in the cryptocurrency market, the memecoin named LAUNCHCOIN has been attracting attention recently.
While LAUNCHCOIN’s rise of over 7,000% earned millions of dollars to its investors, Lookonchain also shared the story of a whale.
According to Lookonchain’s post, a mysterious crypto investor turned his $8,191 LAUNCHOIN investment into more than $4 million in 22 days, making an incredible 500x return.
Lookonchain said that this investor suddenly withdrew 68.8 SOL from Binance 22 days ago after four months of inactivity and spent 54 SOL (about $8,191) to purchase 14.62 million LAUNCHCOIN when its market value was below $500,000.
The mysterious investor started selling when the market value of LAUNCHCOIN exceeded $200 million, selling 2.5 million LAUNCHCOIN for 3,465 SOL (worth $617,000).
The investor still has 12.12 million LAUNCHCOIN (worth $3.5 million) in his possession, bringing his total profit to over $4 million.
“Smart or insider?
One investor made over $4 million with just $8,191 in just 22 days – a 500x return!
….”
Smart or insider?
A trader made more than $4M with only $8,191 in just 22 days—a 500x return!
After more than 4 months of inactivity, the trader suddenly withdrew 68.8 $SOL from #Binance 22 days ago and spent 54 $SOL($8,191) to buy 14.62M $LAUNCHCOIN—when its market cap was… pic.twitter.com/fdX8kVLYNp
— Lookonchain (@lookonchain) May 15, 2025
*This is not investment advice.
