Luck Strikes Again in the World of Cryptocurrencies
Luck in the world of cryptocurrencies has once again manifested itself — a trader was able to turn an investment of $1470 into $202,000 in just a few minutes, trading the meme coin TOBI on the Solana platform. This meme coin, popular in the crypto community, is a project featuring an image of a dog named Toby, known online as moto dog.
The Successful Trade
According to analysts from Lookonchain, the trader started by purchasing over 28 million TOBI tokens on the Raydium exchange, spending 9 SOL. Suddenly, the value of the tokens sharply increased, allowing the trader to sell his assets for 1238 SOL. This transaction brought him an impressive profit of $202,000.
Future Investments
Interestingly, this trader has now switched to another meme coin called Monki, which may indicate his desire to continue successful investments in similar assets.
Such phenomenal success demonstrates the relevance of meme coins in the cryptocurrency market, where numerous new tokens regularly emerge and attract investor attention. Although such deals may seem like profitable investments, experts note that participants who earn on meme coins often have insider information. Without such information, it would be difficult to predict the sharp rise in prices of these tokens, making these deals more akin to the result of well-founded analysis rather than random luck.
