An unknown trader has made a 490-fold return on their investment in the Comedian (BAN) meme coin. The trader turned an initial investment of $1,795 into $873,000 in just two days by strategically selling portions of their holdings after each price peak. The BAN token was inspired by the artwork of a banana duct-taped to a wall, which recently gained attention after Sotheby's announced it was going on sale. The increased valuation and social media chatter boosted BAN's price. However, there are risks of rug pulls as other similarly named meme coins emerge. Meme coins carry inherent volatility due to a lack of substantial fundamentals.
- Content Editor ( finbold.com )
- 2024-10-27
Crypto trader turns $1,700 into $873,000 in 2 days