Crypto trader turns $800 into $400k in a week
By leveraging the momentum around the meme coin, Moo Deng (MOODENG), a cryptocurrency trader, saw their investment skyrocket 500-fold in just one week. On September 10, the unidentified trader placed an initial bet of $800, trading the MOODENG/SOL pair on Raydium, an automated market maker (AMM) platform built on Solana (SOL), with the investment turning into $400,000 seven days later, data shared by blockchain Analysis platform Arkham on September 17 indicates. The trader initially swapped 6 SOL valued at approximately $800 for MOODENG tokens using the decentralized exchange’s platform. The swap was initiated when MOONDENG was on the brink of what appeared to be a typical pump. Picks for you XYO partners with Upland to bring Web3 gaming and data sovereignty closer 15 mins ago ...