Lookonchain, a blockchain tracking platform, says that a cryptocurrency trader turned less than $10,000 into millions of dollars in one month after betting on a crypto-project built in Solana.SOL) ecosystem.
According Lookonchain is the name of the crypto platform that launched the Launch Coin (aka Believe) on Social finance (SocialFi).LAUNCHCOINIt was worth $9,075 but it turned into $4.7m, which is 517x the original amount.
Lookonchain in further detail says Pow is a pseudonymous trader who has made a 7x profit on LAUNCHCOIN.
“From near zero to $2.7 million — absolute legend!
@traderpow bought 17.66 million LAUNCHCOIN for 1,466 SOL (367,000 dollars) three months ago. It crashed by approximately 99%.
The man he was with hung in there.
“Now, after LAUNCHCOIN has broken a market cap of $150 million, 17.66 Million LAUNCHCOIN are worth $2.7Million!”
This blockchain platform highlights an individual trader. recorded A loss of hundreds of thousand dollars was incurred after the LAUNCHCOIN price plummeted about three months earlier.
This trader could have gained $7.3 million instead $800,000.
He spent $828,000.
LAUNCHCOIN’s price dropped by 90% in a short time.
“He sold the entire 45 million LAUNCHCOINs (now worth $8.2million) at only $29,000, a $800k loss.”
LAUNCHCOIN was trading at $0.191 when this article was written, an increase of 7,000% over the low price of $0.00269 on May 8, 2009. LAUNCHCOIN is currently ranked 316th in terms of market capitalization, or slightly more than $195 million.
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Source: dailyhodl.com
