The crypto trader leveraging precise timing, turned a small investment into a significant gain within just three minutes.
Currently, one cryptocurrency trader has made hundreds of dollars in profits, while another trader has lost money with the same coin. Recent events have shocked the entire world when a cryptocurrency investor made $125,000 from an initial investment of only $29.
On the other hand, another crypto trader suffered a loss of one million dollars due to a rug pull scam that occurred simultaneously. In light of this, a great deal of activity has been taking place with the recently introduced meme coin known as Mbappe, which is a representation of the trade process.
Crypto Trader Won 4,330X Jackpot With Mbappe Token
A well-known analytics platform known as Lookonchain has disclosed the story of a crypto trader who made 4,330 times the amount of money they had initially invested in a newly introduced cryptocurrency as a result of the investment.
It was the perfect time for the crypto trader to make an investment in this Mbappe coin, as the token’s value skyrocketed almost immediately. In addition to this, he was able to sell the investment at the right time because the value had decreased quite quickly.
According to Lookonchain’s data, the crypto trader made a gain of 4,330 times by buying 0.2 SOL, or roughly $29, and selling it for 866.13 SOL, or $125.16K, within three minutes.
Nevertheless, this was not the end of the story, as the trader has made investments in 251 meme-themed cryptocurrencies with respective investments of around 0.1, 0.2, and 0.3 SOL and has achieved a winning percentage of 35.46%.
It is remarkable that he has gained a total of $126.7K in earnings on his meme coin investments over the course of the past month. This demonstrates that he is concentrating on diversifying the investments in order to minimize the amount of risk involved while still taking advantage of the significant potential.
Another Trader Lost $1 Million With Mbappe
An investor traded the identical token and lost over one million dollars, according to another report by Lookonchain. This cryptocurrency trader purchased tokens with a value of $1.03 million (7,156 SOL).
However, the token crashed within an hour, causing the holding value to plummet to as low as $9.2 thousand. The hacking of Kylian Mbappe’s X account led to a significant increase and decrease in the value of the Mbappe token.
However, this is not a unique incident; hackers have targeted numerous celebrities to promote cryptocurrency. The well-known singer DOJA Cat’s X account experienced a similar hack earlier.
The author exploited Mbappe’s username to advertise a recently released token on pump.amusement. The hacker pushed the token onto Kylian’s X account, which had more than 14.4 million followers at the time of the promotion.
Because of this, the token’s value skyrocketed, causing the market capitalization to reach tens of millions. On the other hand, not long after this, the hacker sold all of the token supply, reducing it to zero, causing the value of the token to fall, and causing all of the holders to suffer significant losses.
In 2024, meme-based cryptocurrencies gained popularity. Many of these cryptocurrencies, particularly the Solana meme coins, were in the spotlight while experiencing significant growth.
Every day, the market welcomes a plethora of new tokens, and many investors successfully seize the opportunity at the right moment. One of these cryptocurrency traders showcased an impressive skill set, making $125,000 with just $29 in just three minutes.
On the other hand, at the same time, another cryptocurrency investor lost over one million dollars using the same token as a result of the rug-pull strategy that the developer employed.
