A crypto whale is a large multi-million greenback achieve on a Solana (SOL)-based memecoin after simply 5 days.
In keeping with on-chain knowledge tracker Lookonchain, a deep-pocketed investor turned $727 value of Goatseus Maximus (GOAT) into $2.44 million.
“This man bought all 15.15 million GOAT [October 15th], turned 5 SOL ($727) into 15,883 SOL ($2.44 million) in simply 5 days, a 3,176x return! Curiously, he named himself ‘stupidmoney.sol’.”
Lookonchain additionally noticed one other savvy investor who’s $2.8 million in earnings after shopping for greater than 10 million GOAT on October eleventh.
“This good cash made $2.88 million (+3,360%) on GOAT… He spent 603 SOL ($86,000) to purchase 10.7 million GOAT ($3.75 million at peak) six days in the past and bought 0.7 million GOAT for 1,453 SOL ($222,000) [on October 17th], leaving 10 million GOAT ($2.74 million).”
The memecoin not too long ago earned an inventory on Gate, Crypto.com and HTX exchanges.
GOAT is buying and selling for $0.2933 at time of writing, up 18.5% within the final 24 hours. With a present market cap of $291.7 million, GOAT is the 220th largest crypto undertaking.
Pseudonymous analyst Altcoin Sherpa not too long ago mentioned that the market cap of Goatseus Maximus may soar greater than 71% its present worth.
“GOAT: $500 million [market cap] subsequent in my view. Nonetheless holding an enormous bag of this and can think about taking a little bit of revenue there.”
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