The post Crypto trader makes $4.4 million in a month trading this meme coin appeared on BitcoinEthereumNews.com.

While it is no secret that the cryptocurrency market can provide some lucrative opportunities for a savvy investor, some traders are proving to be savvier than others, including one that has managed to profit a staggering $4.4 million in less than a month trading one particular meme coin. Specifically, this crypto whale has profited $4.36 million by trading Popcat (POPCAT) after spending 4.13 million USDC to buy 6.11 million POPCAT at the price of $0.68 three and a half weeks ago, according to the data shared by blockchain analytics platform Lookonchain in an X post on October 6. Indeed, the Solana (SOL) meme coin saw a significant increase in price since then and has recently broken through $1.40, making a new all-time high (ATH), which allowed this smart money to make a 106% return in less than a month, considering that their purchased POPCAT is now worth about $8.49 million. POPCAT price history and trader’s purchases. Source: Lookonchain Interestingly, this is not the first time for the trader to profit from POPCAT, as they earlier made $1.47 million after spending $1.84 million in USDC to buy 6.05 million POPCAT on April 21-26 and selling it for $3.31 million in USDC on September 5, as the platform observed on September 12 when reporting on the latest purchase. Crypto trader’s original POPCAT purchases. Source: Lookonchain POPCAT price analysis Meanwhile, POPCAT was at press time changing hands at the price of $1.45, recording a massive increase of 17.51% in the last 24 hours, adding up to the even more significant gain of 54.26% across the previous seven days and advancing a whopping 185.52% over the month, as per data on October 7. POPCAT price 7-day chart. Source: CoinMarketCap All things considered, this crypto trader has succeeded in gaining substantial profits from their careful…

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Filed under: News - @ October 7, 2024 10:20 am