This Solana Meme Coin Skyrocketed by 6,000%: Two Traders Achieve 49x Returns

2024-5-13 17:00

A Solana-based meme coin, $KITTY, has experienced a 6,000% price surge following the return of the influential figure known as @TheRoaringKitty. This price appreciation has resulted in two lucky traders making substantial profits, achieving returns of up to 49 times their initial investment in just one month.

According to data from Spot On Chain, a blockchain analytics platform, the two traders, identified by their wallet addresses “EPL15” and “7Jt9m,” have capitalized on the $KITTY price rally, transforming relatively modest investments into significant holdings.

Wallet “EPL15” Turns 14 SOL into 1,024 SOL

The first trader, using the wallet address “EPL15”, invested a total of 14 SOL (approximately $1,946) to purchase 14.67 million $KITTY tokens between March 31 and April 24.

As a result of the meme coin’s impressive price performance, the value of this trader’s $KITTY holdings has soared to 1,024 SOL, equivalent to $155,000. This represents an astonishing 73x return on their initial investment.

Wallet “7Jt9m” Achieves 49x Return, Amassing 1,470 SOL

The second trader, identified by the wallet address “7Jt9m”, invested a total of 30 SOL ($4,170) on April 1 and 3 to acquire 20.53 million $KITTY tokens.

Following the meme coin’s price surge, the value of this trader’s $KITTY holdings has reached an impressive 1,470 SOL, equivalent to $218,000. This remarkable growth represents a 49x return on their initial investment.

.rh-colortitlebox{margin-bottom:30px;background:#fff;line-height:24px;font-size:90%}.rh-colortitlebox .rh-colortitle-inbox{display:flex;align-content:center;padding:15px;font-weight:700;font-size:110%; line-height:25px}.rh-colortitlebox .rh-colortitle-inbox i{line-height:25px; margin:0 10px; font-size:23px}.rh-colortitlebox .rh-colortitle-inbox svg{width:25px;margin-right:10px}.rh-colortitlebox .rh-colortitle-inbox-label{flex-grow:1}.rh-colortitlebox .rh-colortitlebox-text{padding:20px}.rh-colortitlebox-text>*{margin-bottom:20px}.rh-colortitlebox-text>:last-child{margin-bottom:0} New Meme Coin to Watch Aiming to be Next $BONK, $WIF or $MEW.rh-toggler-open{height:auto !important} .rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important} .rh-toggler-open .rh-tgl-hide{display:block !important} .rh-tgl-show, .rh-tgl-hide{cursor:pointer} .rh-contenttoggler *{box-sizing: border-box !important} .rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;} .rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}

Milei Moneda is a new meme coin inspired by the political and economic views of Javier Milei, an Argentine president known for his libertarian and pro-Bitcoin stance. You have an opportunity with the ongoing low presale price to get in early!

Sponsored

Show more +Show less – The Roaring Kitty’s Influence on the Meme Coin Market

Experts attribute the price appreciation of $KITTY to the return of @TheRoaringKitty, a prominent figure in the meme coin community. The Roaring Kitty, known for their influence on meme stocks and cryptocurrencies, has a decent following and the ability to generate substantial hype around specific assets.

As news of The Roaring Kitty’s return spread, investors and traders likely rushed to acquire $KITTY tokens, anticipating a potential price surge. This increased demand, coupled with the limited supply of $KITTY tokens, likely contributed to the meme coin’s explosive growth.

While the success stories of the two traders who achieved substantial returns on their $KITTY investments are undoubtedly impressive, Spot On Chain warns against succumbing to the fear of missing out (FOMO) when trading, particularly during periods of steep price changes.

Read more: Whales Cash In on Tellor (TRB) Price Surge Amid Bullish Market Trends

Hunting for a small cap coin that could explode 10x? We’ve unveiled a few last week alone.
Get all our future calls by joining our FREE Telegram community.

Check $RECQ Meme Coin Sponsored: Invest Responsibly, Do Your Own Research. Buy RECQ Today Serves as the base currency for all transactions within the Rebel Satoshi platform
ICO stage, offering tokens at a discounted price
Facilitates a smooth and efficient economy within the arcade, supporting both arcade and in-game transactions.
Grants access to a diverse range of gaming experiences in the Rebel Satoshi Arcade,
Contributes to a decentralized, community-driven RebelSatoshi platform that integrates gaming with elements of revolution, freedom, and unity, appealing to users who value such principles.

The post This Solana Meme Coin Skyrocketed by 6,000%: Two Traders Achieve 49x Returns appeared first on CaptainAltcoin.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Memetic / PepeCoin (MEME) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0.0271928
Капитализация $0 Rank 99999
Цена в час новости $ 0.0244743 (-100%)

returns price two traders coin meme achieving

returns price → Результатов: 126


Investors Have Shown Preference For These 3 Coins Amid Disappointing Price Action On Ethereum

TLDR Ethereum (ETH) is the second largest cryptocurrency by market cap, but it has seen a negative price action, with the spot ether ETF likely to fail. So, it isn’t surprising that investors are showing a preference for Solana (SOL), Algorand (ALGO), and Milei Moneda ($MEDA), which is set to offer the best returns possible.

2024-5-1 22:00


Amid Market Turmoil DeeStream’s Presale Soars as Investors from Chainlink & Stellar Look for 50X Returns

Amid market turmoil, where cryptocurrencies like Chainlink and Stellar face battles between bears and bulls, a beacon of promise emerges: DeeStream’s presale. While Chainlink and Stellar grapple with price fluctuations and uncertainties, DeeStream’s presale garners the attention of investors seeking substantial gains.

2024-4-20 22:30


Worldcoin and Fetch.ai fare well in market turmoil amid forecasts of significant returns for $RECQ investors

Market gurus have predicted that the price of Worldcoin (WLD) will surge by 102% in 2024. Some crypto experts anticipate Fetch. ai (FET) will surpass the $4 mark by the end of 2024. Several analysts believe $RECQ, the utility token of Rebel Satoshi ($RBLZ), could offer a 525% return on investment, which could make it one of the best ICO choices […] The post Worldcoin and Fetch.

2024-3-26 19:26


Raffle Coin Rises as Ethereum Declines, Offering Arbitrum and Stacks Supporters a Shot at 50X Returns

As Ethereum (ETH) approaches the coveted $4K mark, basking in the glow of recent upgrades and heightened demand, other cryptocurrencies navigate turbulent waters. Arbitrum (ARB) faces significant sell pressure following a massive unlock event, while Stacks (STX) grapples with minor price fluctuations amidst community endorsements and upcoming upgrades.

2024-3-22 19:00


Rollbit Analysis: $RLB Sets New All-Time High After 35% Surge, But Traders Are Backing This Alternative For Higher Returns With $1.6 Million Raised

The price of Rollbit ($RLB) surged by an impressive 35% this month, allowing the cryptocurrency to set a new fresh all-time high price at $0. 24 this week. Rollbit is one of the breakout stars of 2023 as it soared into the top-100 ranked tokens and reached its current $677 million market cap.

2023-11-3 16:15