{"id":17211,"date":"2024-09-23T19:24:34","date_gmt":"2024-09-23T16:24:34","guid":{"rendered":"https:\/\/forklog.com\/en\/cryptocurrency-trader-transforms-800-into-1-3-million-in-two-weeks\/"},"modified":"2024-09-23T19:24:34","modified_gmt":"2024-09-23T16:24:34","slug":"cryptocurrency-trader-transforms-800-into-1-3-million-in-two-weeks","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/cryptocurrency-trader-transforms-800-into-1-3-million-in-two-weeks\/","title":{"rendered":"Cryptocurrency Trader Transforms $800 into $1.3 Million in Two Weeks"},"content":{"rendered":"<p>Two weeks ago, an anonymous user invested 6 SOL (approximately $800 at the time of purchase) in the meme token Moo Deng (MOODENG). Now, the unrealized profit is estimated at around $1.3 million.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">TRADER TURNS $800 INTO $1.3M<\/p>\n<p>Remember this guy?<\/p>\n<p>Trader Db3p turned 6 SOL ($800) into $400K in our last post.<\/p>\n<p>He\u2019s now up to $1.3M. <a href=\"https:\/\/t.co\/Pnm3TFi9HR\">https:\/\/t.co\/Pnm3TFi9HR<\/a><\/p>\n<p>\u2014 Arkham (@ArkhamIntel) <a href=\"https:\/\/twitter.com\/ArkhamIntel\/status\/1838200364190880027?ref_src=twsrc%5Etfw\">September 23, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Initially, analysts at Arkham noted the trader on September 17. At that time, the investor&#8217;s assets were valued at approximately $400,000.<\/p>\n<p>He is now the largest holder of MOODENG.<\/p>\n<p>The coin was launched via the Pump.fun platform on the Solana network. The asset is named after a <a href=\"https:\/\/time.com\/7021047\/moo-deng-baby-pygmy-hippo-thailand-viral-cute-safety-concerns\/\">popular baby hippo<\/a> from Thailand.<\/p>\n<p>The trader acquired the coin on September 10 after it moved beyond the &#8220;meme factory&#8221; and appeared on the DEX Raydium.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXdUtY3DZVKugEkMPnTAXxTvxLzDgsbF7NblFkQFEq70ao3lyZaY1cQ3yR800JL9VxxEWTLmIl-mK_5UPTB76BkVS8MJc7V_N_u04BpiBKj508GZwPUsRjTFEGIG2TstSQn1eXe7yPCI09zRQDxZfYrBXlaS?key=ck4kGQyNHhS13WvSbBgZXA\" alt=\"Cryptocurrency trader turns $800 into $1.3 million in two weeks\"\/><figcaption class=\"wp-element-caption\">4-hour MOODENG\/SOL chart on Raydium exchange. Data: <a href=\"https:\/\/dexscreener.com\/solana\/22wrmytj8x2trvqen3fxxi2r4rn6jdhwomtpssmn8rud\">DEXScreener<\/a>.<\/figcaption><\/figure>\n<p>At the time of writing, the asset is trading around $0.05 with a market capitalization of $47.4 million.<\/p>\n<p>Some users have speculated about insider trading.<\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\">\n<p lang=\"en\" dir=\"ltr\">Insider is not a trader but how awesome would be to track this things on Arkham and not on Solscan or other platforms ?<\/p>\n<p>\u2014 Crypto Analytica (@crypto888inform) <a href=\"https:\/\/twitter.com\/crypto888inform\/status\/1838203792401043471?ref_src=twsrc%5Etfw\">September 23, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cInsider is not a trader, but how awesome would it be to track these things on Arkham and not on Solscan or other platforms?\u201d wrote one community member.<\/p>\n<\/blockquote>\n<p>Previously, ForkLog reported that an unknown individual earned over $124,000 in two weeks on the meme token TERMINUS, increasing their deposit 920 times.<\/p>\n<p>Back in June, an insider trader <a href=\"https:\/\/u1f987.com\/en\/news\/insider-gains-5-6-million-from-andrew-tates-meme-token\">made $5.6 million<\/a> on DADDY, promoted by Andrew Tate. The former kickboxer launched the coin as a competitor to the MOTHER asset by singer Iggy Azalea.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Two weeks ago, an anonymous user invested 6 SOL (approximately $800 at the time of purchase) in the meme token Moo Deng (MOODENG). Now, the unrealized profit is estimated at around $1.3 million. TRADER TURNS $800 INTO $1.3M Remember this guy? Trader Db3p turned 6 SOL ($800) into $400K in our last post. He\u2019s now [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":17210,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1267,1161],"class_list":["post-17211","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-trading","tag-memes"],"aioseo_notices":[],"amp_enabled":true,"views":"22","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/17211","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=17211"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/17211\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/17210"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=17211"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=17211"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=17211"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}