Originally, the trader invested 5 ETH, equivalent to around $12,000, in PORK tokens. Later, by selling 6.3 trillion tokens and acquiring ether, the trader pocketed a net profit of $765,000. Following the transaction, the trader kept hold of 3.2 trillion meme coins, which were already valued at approximately $2.55 million.
PORK is a meme coin that draws inspiration from another meme project called PEPE, which proved to be quite lucrative for fortunate investors in 2023. Currently, PORK is being traded on platforms like Uniswap and MEXC.
The coin experienced a massive surge of over 450% on Wednesday, January 31st. Dexscreener data reveals that the overall supply of PORK stands at 420 trillion tokens, with the top ten holders commanding over 15% of this figure.
Some of Lookonchain’s followers suggested that the trader’s remarkable success could be attributed to insider information.
Recently, Lookonchain’s analysts uncovered another triumphant trader who amassed a considerable sum of money from SNOW meme tokens. This anonymous individual managed to generate $651,000 in less than 24 hours, resulting in a staggering 220x return on their initial investment.
Just the day before, Lookonchain spotlighted an investor who made a cool $1 million by acquiring TROLL tokens – the cryptocurrency’s price skyrocketed following a tweet from the enigmatic billionaire, Elon Musk.