Solana Trader Turns $900 into $3.47M in 5 Days

  • A crypto trader turns a $900 investment into $3.47 million in five days, marking a 3800-fold increase.
  • The achievement is attributed to the strategic trading of ANALOS on the Solana network.
  • ANALOS is currently trading at $0.002059, up 145% in the last 24 hours.

One trader on the Solana blockchain has captured the attention of the community by turning a $900 investment into a staggering $3.47 million in just five days.

The achievement, a remarkable 3800-fold increase in the initial investment, was accomplished through strategic trading of the recently popular token, ANALOS, on the Solana network.

According to a report by Lookonchain, the trader initially invested 12 SOL (Solana’s native cryptocurrency), equivalent to $900, to acquire 2.6 billion ANALOS tokens five days ago. Capitalizing on the surging value of ANALOS, the trader strategically sold 1.45 billion ANALOS, yielding a total of $1.43 million in USDC (USD Coin).

At present, the trader is actively liquidating the remaining 1.12 billion ANALOS tokens, valued at $2.04 million at the time of the report. If successfully sold, this would bring the total profit to $3.47 million.

ANALOS All-time Price Chart (Source: CoinMarketCap)

ANALOS, a memecoin project within the Solana ecosystem, derives its name from spelling Solana backward. Launched just a few days prior to the report, ANALOS boasts a total supply of 100 billion tokens and has rapidly gained community attention, currently holding a total market cap valued at $200 million. From its opening price of 0.0005069, the AnaloS token has managed to rise by 269% to its current price.

According to CoinMarketCap, ANALOS is presently trading at $0.002059, reflecting a 145% increase in the last 24 hours. The trading volume has also surged to $80 million, indicating a substantial 42% increase.

In related news, AnaloS has successfully secured a $1 million investment from Gotbit Hedge Fund. As stated in a post by AnaloS, the funds will be utilized “for a special Christmas buyback.” The $1 million token repurchase plan is scheduled to take place on both decentralized and centralized exchanges.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

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