A crypto trader known in the digital world as “LeBron,” operating from a specific wallet, secured $4.56 million profit from trading LIBRA, adding to a series of successful trades in the volatile meme coin market.
The same wallet had previously earned $8.9 million from $MELANIA, $3.2 million from $TRUMP, and $1 million from $HARRYBOLZ, according to Lookonchain blockchain transaction data.
The latest gain on LIBRA highlights this trader’s knack for making big money from quick crypto price changes.
LIBRA Trade Nets “LeBron” Quick Millions
Looking closely, LeBron’s latest profit of $4.56 million trading in LIBRA was netted in a single day.
Blockchain records show the trader purchased 128.8 million LIBRA tokens for $4,807.19, an average buy price of about $0.037 per token. Soon after, LIBRA’s price surged, allowing him to sell in multiple chunks and lock in a multimillion-dollar return.
Currently, the wallet linked to “LeBron” still holds over 500 different tokens. That includes a substantial Solana balance of 1,636.69 SOL (roughly $332,500), along with $5.17 million in USDC.
Inside “LeBron’s” Meme Coin Strategy
On-chain records show that “LeBron” consistently targets meme coins with strong market activity, often holding positions for short periods before selling at a profit.
“LeBron’s” trading pattern suggests the plan is to get in early on promising tokens and get out fast when the hype is high.
Related: Whale’s $2.5M Meme Coin Bet: Big Win, Bigger Loss. CZ Dog Coins in Focus
Recent transaction data reveals that the trader earned $8.9 million from MELANIA with a return exceeding 1,000%, secured $3.2 million from TRUMP with a 109% gain, and made $1 million from HARRYBOLZ.
These kinds of gains signal a trading style that’s all about high-risk, high-reward, playing on market trends and hype.
Market Impact and the “LeBron” Effect
Big-time traders like “LeBron” can actually move token prices, especially in smaller markets like meme coins.
A sudden buy or sell from such wallets can trigger price swings, attracting attention from retail investors and institutional players.
Related: Dump Alert: Bitcoin Traders Unload Over $4 Billion in Profit to Exchanges
The success of “LeBron” raises questions about whether the trader operates alone or as part of a coordinated strategy. Some market traders speculate that connections to insider information or complex trading algorithms are helping fuel such incredibly profitable trades.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
