Another Solana Trader Turns 12 SOL into $3.5 Million in Five Days. Here’s how

A yet-to-be-identified crypto investor’s trading exploit that saw him convert a $900 investment capital into $3.543 million has attracted crypto enthusiasts’ attention. Lookonchain, a web3 data analysis firm, reported the trader’s dealings on its official X handle.

Notably, the anonymous crypto investor achieved the remarkable feat by trading a recently surfaced popular coin, ANALOS on the Solana network.

Overview Of The Trader’s Crypto Actions

Per findings obtained from Lookonchain, the said trader reportedly invested 12 SOL valued at $900 in exchange for 2.6 billion ANALOS tokens five days ago.

Meanwhile, ANALOS has been impressive across all charts, registering incredible market statistics. It is a memecoin project within Solana’s metaverse derived from spelling Solana in a backward fashion.

According to CoinGecko, ANALOS is currently changing hands at approximately $0.0019, reflecting a whopping 83.1% increase in the past 24 hours.

On its maximum and minimum prices attained in the past seven days, ANALOS recorded $0.00202843 and $0.00005952, respectively. This explains how rapidly the token rose to higher prices.

The anonymous trader was fortunate to delve into the investment before the token experienced a massive surge.

Lookonchain reported that the trader already sold off 1.45 billion ANALOS coins, which yielded about $1.43 million. The analytics platform added that the lucky investor is actively pushing to sell off the remaining 1.12 billion coins worth about $2.113 million per current standings, making the total potential sales worth about $3.543 million.

Solana Now In Top Four Most Valuable Cryptocurrencies

Per a recent publication, Solana’s impressive run has seen it leapfrog Binance Coin (BNB) in the crypto market rankings to become the fourth-largest cryptocurrency with a market capitalization of $52,491,952,802.

Notably, SOL’s remarkable price actions were attributed to its robust Decentralized Finance (DeFi) sector, whale activities, expanding user base, and rising power star.

At the time of drafting this report, SOL is priced at approximately $123.12, implying an 8.8% surge in the past 24 hours. It boasts a trading volume of $5,417,386,332.

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Chinedu Agbakwusi

Chinedu Agbakwusi is a medical student at the prestigious Nnamdi Azikiwe University with sound knowledge of the crypto space. I am here to be a reliable plug for well-researched crypto content ranging from crypto news to market analyses and blockchain inventions.