Trader Earned Over $100,000 in 30 Minutes Thanks to a Memecoin

• The trader purchased 28.2 million Vulgar Penguin tokens.
• He invested 53.8 BNB — roughly $46,300 at the time of the trade.
• Selling 27.2 million tokens brought him $148,000.
• The profit from the trade exceeded $100,000.

An anonymous trader earned more than $100,000 in less than 30 minutes on the memecoin Vulgar Penguin, according to analysts from Lookonchain.

He spent 53.8 BNB (around $46,300) to acquire 28.2 million Vulgar Penguin tokens at the moment they were listed on the Binance Alpha platform. Later, the trader sold 27.2 million tokens for $148,000, keeping another 1 million Vulgar Penguin (about $7,500).

The total profit from the trade exceeded $100,000.

Participants in discussions on X (formerly Twitter) noted that such stories about instant hundreds of thousands on listings may look impressive, but for most people they end in losses.

Others warned that replicating such results is nearly impossible: 99% of those who try to profit from such pumps end up becoming “liquidity” for faster and better-informed participants. According to them, listings are a field where insiders act first, and without enough capital and speed, most traders are bound to lose.

See also: "XRP Up 7% in a Day, but Indicators Suggest the Rally May Be Short-Lived"

#Profit #Trading #Memecoin

Share: