A crypto trader scored a massive 500x return, turning LAUNCHCOIN into $4M in just 22 days on the Solana network.
The 7,400% LAUNCHCOIN surge over the past week has captivated the attention of investors, as a savvy crypto trader transformed a modest $8,000 investment into a substantial $4 million. While enabling coin launches with minimal entry barriers, the Launch Coin on Believe project, which is situated in Solana, has achieved parabolic traction within the crypto community.
In a mere 22 days, a LAUNCHCOIN crypto trader transformed $8,191 into $4 million
Amid the crypto market rally, a mysterious crypto trader has reportedly achieved an astounding 500x return, transforming a $8,191 LAUNCHCOIN investment into over $4 million within 22 days, according to blockchain analytics firm LookonChain.
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 value was under $500,000. The platform also reported that the trader withdrew the funds after four months of inactivity.
Nevertheless, the Launch Coin on Believe cryptocurrency experienced a significant rally shortly after this acquisition, surpassing a $300 million market valuation. The trader initiated the sale of 2.5 million LAUNCHCOIN for 3,465 SOL (equivalent to $617,000) when the market valuation exceeded $200 million.
According to Lookonchain, the trade has accumulated a substantial $12.12 million of the altcoin, which is valued at $3.5 million, as of the present. This brings their total profit to over $4 million.
What is the Launch Coin for the Believe Crypto Project?
Launch Coin, a Solana-based platform that operates on the Believe platform, revolutionizes creating tokens by converting social media attention into crowdfunding opportunities. The platform eliminates conventional obstacles to token launches, such as the necessity of venture capital, a completed product, or even a development team.
Launch Coin operates according to a simple procedure. X (formerly Twitter) allows aspiring creators to post on the platform using their token’s $TICKER, NAME, and the platform’s handle. The remainder is in the hands of the platform, which launches the coin and provides a link for sharing. This method simplifies creating tokens by eliminating the necessity for forms, DAO pitches, or prolonged 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.”
LAUNCHCOIN distinguishes itself from other projects, such as BankrBot, by being an X-native platform and maintaining an unlimited token creation limit. This innovative method reduces the barrier to entry for creators while maintaining the community’s significance.
