Like this crypto trader turned $ 9,000 into millions in a month

In one of the most dramatic violations of this year, a crypto dealer reported a modest four-digit investment in millions-thanks to the comet-like rise of a social fi project associated with Solana.

According to data from Lookonchain Bought anonymous investor launchcoin worth a little more than $ 9,000, the native token from Launch Coin on Believe, a social finance initiative based on the Solana blockchain.

When the value of the token shot up, this little bet swelled to incredible $ 4.7 million-a return of more than 500 times in just one month.

But that wasn't the only breathtaking turn. Another trader, known under the pseudonym “Pow”, experienced an upswing in his stocks after they had almost collapsed.

He initially invested 1.466 SOL (around $ 367,000) for 17.66 million launch coin token just to see how they crashed by 99%.

Instead of selling with loss, Pow held on to his token – and was rewarded when the market capitalization of the project rose over $ 150 million and the value of his position increase to $ 2.7 million.

These above-average profits underline the high risk and the high returns of the fast-moving token ecosystem of Solana, in which assets can collapse or multiply practically overnight.