Meme coin hunter turns $296 into $620,000 in 4 hours
A cryptocurrency trader, whose trading pattern mirrored hunting for meme coins, finally struck a jackpot after recording a 2,090-fold return on a single transaction. Details of the trade indicate that the trader had an initial investment of $296 in the newly created SLOP meme coin, which transformed into a staggering $620,000 within just four hours in a transaction that also involved Solana (SOL), according to data shared by crypto on-chain analytics platform Lookonchain on October 21. The trader entered the market by purchasing 38.17 million SLOP tokens and 1.76 SOL ($296) through Raydium, an automated market maker (AMM) platform trading the SLOP/SOL pair. Picks for you Get ready: Why gold is set for valuation 'well above' $3,000 16 hours ago