While the mem token craze among investors continues, this craze spread from the Solana (SOL) network to the Base network.
At this point, while mem tokens in the Base network continue to increase their popularity recently, an investor turned his 353 dollars into 8.39 million dollars in 6 days.
Lookonchain shared this investor's transactions and the mem tokens he bought.
Accordingly, an investor named LarpVonTrier converted 0.1 ETH ($353) into $8.39 million on Base in just 6 days, which means a gain of 23,770x.
“On March 27, LarpVonTrier tweeted that he would hunt for some Base-based meme tokens with a market cap (MCap) below $5,000.
The first piece of jewelry he bought was KEYCAT.
At that time, KEYCAT had only been on the market for 2 days and its MCap was only $2.2k. The investor then purchased 1.3 billion KEYCATs (13.16% of the total supply) for only 0.1 ETH ($353).
He then sold 344.7 million KEYCAT for 497 ETH ($1.75 million) through 2 wallets.
“971.2 million KEYCATs (9.71% of total supply) remain in 6 wallets, currently worth $6.64 million.”
Lookonchain stated that before buying KEYCAT, LarpVonTrier bought altcoins named NORMIE and NORMILIO, which are also in the Base network, but lost $ 820 (-23%) in NORMIE and $ 9,700 (-84%) in NORMILIO.
1/ Crazy!@LarpVonTrier turned 0.1 $ETH($353) into $8.39M on #Base in just 6 days, a gain of 23,770x!
How did he do it?
Let's learn about his story. pic.twitter.com/8AwtepfFLX
— Lookonchain (@lookonchain) April 2, 2024
*This is not investment advice.
