title: Crypto trader turns less than ten thousand dollars into millions by betting on a Solana (SOL) ecosystem crypto project

Blockchain tracking platform Lookonchain says a crypto trader has turned less than ten thousand dollars into millions in just one month

Crypto traders are always looking for the next big thing, and one trader has made a tidy profit after betting on a crypto project in the Solana (SOL) ecosystem.

According to blockchain tracking platform Lookonchain, the unidentified trader purchased the native token of the social finance (SocialFi) crypto project Launch Coin on Believe (LAUNCHCOIN) for approximately $9,075 and turned it into $4.7 million.

“One trader bought $9,075 worth of LAUNCHCOIN and turned it into $4.7 million for a 517x return.

Another trader, who is known as Pow, has made over 7x on LAUNCHCOIN after joining at a lower price.

From near zero to $2.7 million — absolute legend!

Three months ago, traderpow spent 1,466 SOL ($367,000) to buy 17.66 million LAUNCHCOIN, only to watch it crash approximately 99%. But he held on.

Now, with LAUNCHCOIN breaking a $150 million market cap, his 17.66 million LAUNCHCOIN is worth $2.7 million!”

Lookonchain is also highlighting a trader who recorded a loss running into hundreds of thousands of dollars following a slump in the price of LAUNCHCOIN about three months ago.

“If this trader had been more patient, he could have made $7.3 million instead of losing $800,000.

Three months ago, he bought 45 million LAUNCHCOIN near the top, spending approximately $828,000.

But shortly after, LAUNCHCOIN crashed by over 90%.

He sold all 45 million LAUNCHCOIN (now valued at $8.2 million) for only $29,000 at a loss of $800,000.”

LAUNCHCOIN is trading at $0.191 at time of writing, up by 7,000% from the May 8th low of $0.00269. LAUNCHCOIN currently ranks 316th by market cap, which is slightly over $195 million.

News data source: kdj.com

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