A crypto investor multiplied his $350 balance into hundreds of thousands of dollars thanks to meme coins.
According to data from the on-chain analysis platform Lookonchain, an investor managed to join those who gained hundreds of thousands of dollars in a short time thanks to a meme coin.
The investor in question bought a newly released meme coin named SHAD by spending 2 Solana (SOL) on the market. SHAD gained significant interest and experienced serious increases in value in a short time, multiplying the investor’s money to 704 times. As a result, his $350 balance rose to $260,000.
To take advantage of the rise, the investor sold 85.3 million of his SHAD assets in exchange for 1,410 SOL. After the sale, he was left with 4.7 million SHAD worth $12,000 in his wallet.
