As memecoins continue to make their mark in 2024, investors have shown great interest, especially in Solana-based memecoins.
At this point, SOL-based memecoins have made huge money for investors, while another investor earned millions of dollars in four days.
According to Lookonchain’s post, he invested in the Solana-based memecoin Goatseus Maximus (GOAT), turning $727 into $2.42 million in just 4 days, making a significant gain of 3329%.
Accordingly, an investor spent 5 SOL worth just $727 to buy 15.15 million GOAT. GOAT then saw a huge price increase, allowing the investor to make a profit of 3329% in just four days.
After the rally, this trader sold 5.7 million GOAT tokens for 5949 SOL ($930,000) while still holding 9.4 million GOAT worth $1.4 million. If the trader were to sell the remaining GOAT tokens, his total profit would be $2.4 million.
*This is not investment advice.