Crypto trader goes from a $270K loss up to a $6M profit in less than a day
The cryptocurrency market is famous (or infamous) for its volatility, which can be very rewarding (or punitive) in trading activities. A crypto trader, for example, had a taste of both of the two worlds, going from $270,000 of unrealized losses up to a $4.5 million in unrealized gains – all within a day. This impressive comeback story was first reported by Lookonchain, in a post on X on January 23. The trade was with VINE, a recently launched Solana-based memecoin on pumpdotfun . On that note, pumpdotfun is a platform that became known in Solana (SOL) for hosting thousands of memecoin rug pulls. How the crypto trader turned $270,000 losses into $6 million gains in a day As reported, the trader first turned 20 SOL into 23 SOL with a quick trade of 1 million VINE. Right after selling it, however, VINE surged, causing the trader to ‘FOMO’ back in, buying far more at higher prices. Picks for you ...