A crypto investor multiplied his money by 195x in a short period of time thanks to a Solana-based memecoin.
According to data from the on-chain analysis platform Lookonchain, a cryptocurrency investor became rich in a short period of time through meme coin trading.
This person who managed to invest early in a newly released meme coin called TEH EPIK DUCK (EPIK) purchased 261.27 million EPIK for $5,300.
Just 1 day after the purchase, he managed to pocket his profit by selling a significant portion of his EPIK assets for $1.04 million. After the sale, he was left with EPIK worth only $7,000 in his wallet.
Within the first day after its release, EPIK saw a 12,860% increase in value. This increase raised the market value of the meme coin to $31 million.
