How Two Individuals Made $96K and Lost Over $1 Million Trading $MBAPPE with SOL

Two individuals have reportedly experienced significant changes in the value of their investments after buying the $MBAPPE memecoin with Solana’s SOL token. According to the Twitter account LookonChain, these individuals saw drastic shifts in their assets’ value almost immediately—within 3 minutes and 1 hour, respectively.

LookonChain revealed that one individual made 4,330 times the worth of his investment just three minutes after purchasing $MBAPPE. The buyer, who frequently trades memecoins, hit the jackpot after buying $29 worth of $MBAPPE coin with 0.2 SOL tokens. He then sold it three minutes later, pocketing a net return of $96K by selling 866.13 SOL ($125.16K).

Meanwhile, this particular individual has an average win rate of 35.46% over the past month, having purchased 251 memecoins.

In a contrasting scenario, LookonChain, known for tracking smart money on-chain, described a tragic event where another individual lost over $1 million by investing in the $MBAPPE coin. According to the report, this individual created a new wallet and bought $1.03 million worth of $MBAPPE memecoin with 7,156 SOL tokens. However, within just one hour, the value of his investment plummeted to $9.2K, resulting in a loss of $1.029 million.

The volatile nature of cryptocurrencies has deterred many from investing due to the fear of losing their wealth, coupled with numerous scam-related incidents that have been reported. On the other hand, there is the potential to make a substantial fortune overnight with crypto investments. As reported earlier, a crypto trader named Dan shared some lessons he learned from over 10,000 hours of experience in the crypto space, allowing him to turn a $5,000 investment into millions.