Trader Turns $161K Into $6.4M In Only 1 Month With This Meme Coin Parodying The S&P 500
Posted On October 14, 2024
On-chain analytics data Lookonchain highlighted a crypto whale’s 4,000% return on an investment in the SPX6900 meme coin.
What Happened: The trader initially spent $161,000 to purchase 7.79 million SPX two months ago. The trader has sold 638,000 SPX, earning $562,000 at $0.88 per SPX, leaving 7.15 million SPX worth $6 million.
The trader’s total profit is $6.4 million, a 40x return on their initial investment. Over the past seven days, SPX is up 85.8% gains. The meme coin has surged 2,829.5% over the past …
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