Crypto Trader Prints 517x Profit on Solana-Based Altcoin That’s Exploded 7,000% in Just One Week: Lookonchain

By: bitcoin ethereum news|2025/05/16 08:15:04
0
Share
copy
Blockchain tracking platform Lookonchain says a crypto trader has turned less than ten thousand dollars into millions in just one month by betting on a crypto project built in the Solana (SOL) ecosystem. According to Lookonchain, the unidentified trader purchased the native token of the social finance (SocialFi) crypto project Launch Coin on Believe (LAUNCHCOIN) worth approximately $9,075 and turned it into $4.7 million, a 517x return. Lookonchain further says another trader, pseudonymously known as Pow, has recorded an over 7x return on LAUNCHCOIN. “From near zero to $2.7 million — absolute legend! Three months ago, @traderpow spent 1,466 SOL ($367,000) to buy 17.66 million LAUNCHCOIN, only to watch it crash approximately 99%. But he held on. Now, with LAUNCHCOIN breaking a $150 million market cap, his 17.66 million LAUNCHCOIN is worth $2.7 million!” The blockchain tracking platform is also highlighting a trader who recorded a loss running into hundreds of thousands of dollars following a slump in the price of LAUNCHCOIN about three months ago. “If this trader had been more patient, he could have made $7.3 million instead of losing $800,000. Three months ago, he bought 45 million LAUNCHCOIN near the top, spending approximately $828,000. But shortly after, LAUNCHCOIN crashed by over 90%. He sold all 45 million LAUNCHCOIN (now valued at $8.2 million) for only $29,000 at a loss of $800,000.” LAUNCHCOIN is trading at $0.191 at time of writing, up by 7,000% from the May 8th low of $0.00269. LAUNCHCOIN currently ranks 316th by market cap, which is slightly over $195 million. Follow us on X, Facebook and Telegram Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Generated Image: Midjourney Source: https://dailyhodl.com/2025/05/15/crypto-trader-prints-517x-profit-on-solana-based-altcoin-thats-exploded-7000-in-just-one-week-lookonchain/

You may also like

60 Essential Skills, Workflows, and Open Source Projects, the Ultimate Claude Advancement Checklist

Developers, content creators, product builders, and beginners can all use this

SpaceX to Raise $75 Billion | Rewire News Nightly

What additional valuation can the AI unicorn behind in line achieve, which is a bigger question than SpaceX itself

PUMP Valuation Breakdown: On-chain Data Disproves the "Fake Volume" Theory, Where Does the Real Discount Come From?

The project initially started as a niche experiment but quickly became one of the highest-grossing applications on public blockchains.

Tiger Research: What AI services do cryptocurrency companies offer?

Cryptocurrency giants like Binance and Coinbase have fully launched an AI defense battle: Driven by FOMO sentiment, leading platforms are accelerating the deep integration of AI agents into core businesses such as trading, security, and payments.

The war not only drives up oil prices but also causes Circle's stock price to soar

High interest rate expectations combined with the explosive growth of stablecoin infrastructure have led to Circle's stock price doubling in five weeks against the trend: Understanding the dual game of "macro interest rate trading" and "global payment foundation" behind the surge in one article.

When agents become consumers, who will rewrite the underlying logic of internet commerce?

Thirty years ago, due to the high cost of micropayments, the internet had no choice but to adopt an advertising model. Today, the technical threshold for micropayments is nearly zero, but trust has become the most expensive luxury. Whoever can bridge this gap will dominate the next generation of int...

Popular coins

Latest Crypto News

Read more