Lookonchain, a crypto analytics firm, reported a case of a trader who experienced a stroke of luck.
This trader created a new wallet just yesterday specifically to engage in trading memecoins. The first memecoin he purchased was $LUCE, investing 60 SOL, equivalent to approximately $10,400.
Also Read: Onchain Analytics Reveals Memecoin Trading Bot With “100% Win Rate”
Remarkably, this initial investment has ballooned in value, as the $LUCE tokens are now worth an astounding $666,000.
This translates to an extraordinary 64x return on his investment. The firm noted this instance as a testament to the volatile and unpredictable nature of the memecoin market, where significant gains can be achieved in a very short time frame.
