Crypto Trader Hits Jackpot, Turns $1,300 into $3.4 Million Amid Speculation.
In today’s news, a crypto trader made headlines by turning a modest $1,300 investment into an astonishing $3.4 million. However, questions from the web3 community have surfaced regarding potential insider involvement.
But first, breaking news for Telegram users in the UK: the app’s “Wallet” feature is currently facing temporary restrictions. The platform’s operators have attributed this to financial regulations, similar to the restrictions seen for U.S. users. According to the wallet provider, UK residents will be unable to use in-app wallet features until the necessary regulatory approvals are secured. Users, however, can still withdraw their funds to external wallets without incurring any fees. Hopefully, the situation will be resolved soon.
Now, back to our main story. A crypto investor on the Solana blockchain recently multiplied their initial investment by a staggering 2,554 times in just 15 days. The lucky trade involved purchasing 38.7 million tokens of the memecoin Moo Deng (MOODENG) on September 10, after selling 9.8 Solana (SOL) tokens valued at approximately $1,300.
The value of the Moo Deng token skyrocketed over the next two weeks, transforming the small investment into a jaw-dropping $3.4 million. Despite the incredible gains, some members of the crypto community noted that the liquidity pool for Moo Deng only held $1.8 million, raising concerns about whether the investor could fully cash out at the current market price.
The rapid price increase has also led to speculation about insider trading or possible involvement from the token’s developer. While some are raising questions, others in the community are celebrating the trader’s remarkable fortune, hoping for similar success in the future.
Till next time, stay safe and keep trading!