Not Solana Meme Coin This Time: Turned $18,000 into 5 Million Dollars!

A crypto investor turned his $18,000 into 5 million dollars through meme coin trading. According to the data shared by the on-chain analysis platform Lookonchain, an investor made millions through the Base-based meme coin Degen (DEGEN). The investor, who noticed DEGEN in the early days of its launch and made several buy and sell transactions specifically for this meme coin, managed to turn his $18,000 investment into 5 million dollars, multiplying it by 272 times. The investor’s first DEGEN purchase came in January. On January 15th and January 21st, he spent 18,000 dollars worth of 7.35 Ethereum to buy 260 million DEGEN. He then sold 102.5 million DEGEN for 1.26 million dollars. After the sale, he was left with 157.5 million DEGEN worth 3.75 million dollars. DEGEN has shown a 131,000% increase in performance over the approximately 3-month period since its launch.