Turned 8 Thousand Dollar into 4 Million in 22 Days with Meme Coin: Luck? Insider? - Koin Bülteni

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A crypto investor has caused a stir in the crypto community by turning 8,191 dollars into over 4 million dollars in just 22 days.

According to data shared by the blockchain analysis platform Lookonchain, an anonymous investor who had not made any transactions for more than 4 months suddenly withdrew 68.8 Solana (SOL) from the Binance exchange and purchased 14.62 million LAUNCHCOIN. When the investor made this purchase, the total market value of LAUNCHCOIN was still below 500 thousand dollars.

Immediately after the purchase transaction, LAUNCHCOIN started to rise rapidly, exceeding a market value of 300 million dollars. The investor in question began selling after LAUNCHCOIN’s market value exceeded 200 million dollars and has sold 2.5 million of its holdings for 617 thousand dollars (3.465 SOL) so far.

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The trader currently still holds 12.12 million LAUNCHCOIN and the market value of this amount is approximately 3.5 million dollars. This figure pushes the investor's profit obtained so far to over 4 million dollars.

Achieving such a high return in a short time has led to discussions in the crypto community about "luck or insider information?" The investor's move to buy the right asset at the right time is being talked about extensively on social media. Crypto investors are being urged to be cautious in similar situations and are warned about the risks of high gains.