| Cryptocurrency | Price (USDT) |
|---|---|
| BTC | $107230.1200000000 |
| ETH | $2434.8610000000 |
| BNB | $648.3096400000 |
| XRP | $2.1842660000 |
| ADA | $0.5633951000 |
| SOL | $150.6912000000 |
| DOGE | $N/A |
| DOT | $3.4162100000 |
| LTC | $86.2674000000 |
| LINK | $13.3266600000 |
Category: CRYPTO NEWS
The post Crypto trader turns $5k into $1 million in 4 days appeared on BitcoinEthereumNews.com. Late January and early February 2025 provided ample – if ephemeral – opportunities for swift meme coin traders to make a massive profit with either high-profile or accidentally prominent cryptocurrencies. The most recent such example emerged after the billionaire owner of the social media platform X, Elon Musk, adopted the alias Harry Bōlz – most likely a play on hairy balls – thus sparking a massive rally for an obscure and otherwise illiquid HARRYBOLZ token. A cryptocurrency wallet labeled ‘LeBron’ was, as it turned out, perfectly positioned for such an eventuality. Since February 7, the trader behind the address held 128.8 million HARRYBOLZ, purchased for 25 Solana (SOL) – ~$4,807. Trading logs showing HARRYBOLZ, MELANIA, and TRUMP trades. Source: Lookonchain Musk’s decision to change his username led to a rally that eventually enabled ‘LeBron’ to sell a large part of his meme coin holdings – 109.8 million – for 3,649 SOL (~$737,000) and keep more than $270,000 in unrealized gains, per the information Finbold retrieved from Lookonchain. ‘LeBron’s’ suspicious TRUMP and MELANIA inauguration trade The ‘LeBron’ wallet is itself interesting as it made a total of over $12 million trading the OFFICIAL TRUMP (TRUMP) and Official Melania meme (MELANIA) in late January. The success is remarkable as, as is frequently the case with meme coin launches, many investors were left ‘holding the bag’ due to the new cryptocurrencies’ violent price fluctuations. For example, MELANIA briefly rallied to $13.05 but by press time collapsed 89.19% from the highs and is, at press time, changing hands at $1.41. Though TRUMP had more staying power, it is, nonetheless, at $15.39, 78.62% below its highs at approximately $72. MELANIA and TRUMP all-time price charts. Source: Finbold The growing link between Elon Musk and meme coins As for the HARRYBOLZ trade, though the timing appears…
2025-02-12T14:45:19+00:00
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