While a new memecoin emerges every day in the cryptocurrency market, the memecoin named LAUNCHCOIN has been attracting attention recently.
While LAUNCHCOIN's rise of over 7,000% earned millions of dollars to its investors, Lookonchain also shared the story of a whale.
According to Lookonchain’s post, a mysterious crypto investor turned his $8,191 LAUNCHOIN investment into more than $4 million in 22 days, making an incredible 500x return.
Lookonchain said that this investor suddenly withdrew 68.8 $SOL from Binance 22 days ago after four months of inactivity and spent 54 $SOL (about $8,191) to purchase 14.62 million LAUNCHCOIN when its market value was below $500,000.
The mysterious investor started selling when the market value of LAUNCHCOIN exceeded $200 million, selling 2.5 million LAUNCHCOIN for 3,465 $SOL (worth $617,000).
The investor still has 12.12 million LAUNCHCOIN (worth $3.5 million) in his possession, bringing his total profit to over $4 million.
“Smart or insider?
One investor made over $4 million with just $8,191 in just 22 days – a 500x return!
….”
Smart or insider?
A trader made more than $4M with only $8,191 in just 22 days—a 500x return!
After more than 4 months of inactivity, the trader suddenly withdrew 68.8 $SOL from #Binance 22 days ago and spent 54 $SOL($8,191) to buy 14.62M $LAUNCHCOIN—when its market cap was… pic.twitter.com/fdX8kVLYNp
— Lookonchain (@lookonchain) May 15, 2025
*This is not investment advice.