CandleFocus Crypto trader turns $1.9K into $3.6 million in just 2 hours
2024-11-19
Author: Content Editor
A cryptocurrency trader turned a $1,900 investment into $3.67 million in just under two hours through the trading of ELIZA, a meme-inspired token on the Solana blockchain. The trader initially purchased 89.19 million ELIZA tokens and sold 49.49 million when the price surged, resulting in a profit of $1.72 million. The trader still holds 39.7 million ELIZA tokens, valued at approximately $1.95 million. ELIZA's market cap reached $48.5 million and trading volume spiked to $273.7 million. However, there are concerns about the early price behavior of ELIZA and potential insider activity. Meme coins like ELIZA are known for their volatile nature and lack of transparency. It remains to be seen if ELIZA can sustain its momentum or if it will be a cautionary tale for late investors.
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