A trader turned $3000 into $9 million in three days
October 21, 2024
On October 17, 2024, a new meme coin — Numogram (GNON) — appeared on the Solana blockchain. A trader who invested just $3,000 soon found himself in the spotlight thanks to a fantastic profit of $9 million in just three days.
How did it happen?
According to analysts, the investor used three cryptocurrency wallets to purchase 56 million GNON right after the asset's launch. In just 24 hours, the token's price soared by over 230%, reaching $0.17. This led to an explosive increase in the invested amount: from $3,000 to a staggering $9 million.
It's not all that simple
Despite the impressive success, on-chain analysts noticed that the trader sold a small batch of tokens and now holds 55.2 million GNON. At the current price of $0.103, the value of the assets in his portfolio has dropped to $5.7 million, raising questions about the stability of his wealth.
Rumors and suspicions
Rumors of potential insider trading have begun circulating on the social network X. Some users believe that the trader may have been involved in creating the token, drawing even more attention to his success.
This trader's story serves as a reminder of the risks and opportunities that the world of cryptocurrencies holds. Could this case mark the beginning of a new era for meme coins? One thing is for sure: the digital asset market always has room for surprises.