Crypto Trader Turns $8,191 To $4M In Mega Rally

The 7,400% LAUNCHCOIN pump over the past week has grabbed investors’ attention, with a smart crypto trader turning a meager $8,000 investment into a massive $4 million. The Solana-based Launch Coin on Believe project has gained parabolic traction in the crypto community, while facilitating coin launches with absolutely little entry barrier.

LAUNCHCOIN Crypto Trader Turns $8,191 into $4 Million in Just 22 Days

Blockchain analytics firm LookonChain reported that a mysterious crypto trader has reportedly achieved a staggering 500x return, turning a $8,191 LAUNCHOIN investment into more than $4 million within 22 days, amid the crypto market rally.

The platform further reported that after four months of inactivity, the trader withdrew 68.8 SOL from Binance 22 days ago and spent 54 SOL (approximately $8,191) to purchase 14.62 million LAUNCHCOIN when the token’s market cap was under $500,000.

However, shortly after this purchase, the Launch Coin on Believe cryptocurrency experienced a massive rally, eventually crossing $300 million market cap. The trader began selling once the market cap crossed $200 million, cashing out 2.5 million LAUNCHCOIN for 3,465 SOL (worth $617,000).

As of date, the trade still holds a massive $12.12 million of the altcoin valued at $3.5 million, bringing their total profit to over $4 million, as Lookonchain reports.

What Is Launch Coin on Believe Crypto Project?

Solana-based Launch Coin on Believe platform revolutionizes token creation by leveraging social media attention and turning it into crowdfunding opportunities. The platform eliminates traditional barriers of token launches like the need for venture capital, a finished product, or even a development team.

Launch Coin operates through a straightforward process. Aspiring creators can post on X (formerly Twitter) with the platform’s handle, their token’s $TICKER, and NAME. The platform handles the rest—launching the coin and providing a link for sharing. This approach simplifies token creation, removing the need for forms, DAO pitches, or extended community engagement on Discord.

“It’s permissionless token launch powered by the timeline,” the team states. “If people vibe with your idea, your token goes live instantly.”

Being an X-native platform, LAUNCHCOIN differentiates itself from other projects like BankrBot, while keeping no cap on token creation. This innovative approach lowers the barrier to entry for creators while keeping the community of greater importance.

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Bhushan Akolkar

Bhushan is a FinTech enthusiast with a keen understanding of financial markets. His interest in economics and finance has led him to focus on emerging Blockchain technology and cryptocurrency markets. He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.