2024-03-12 08:49:02
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The material is published for informational purposes only and does not constitute investment advice. ForkLog is not responsible for the investment decisions of readers.
In five hours, a Solana holder managed to earn $63,400 on the WolfWifBallz meme coin with minimal investment. Lookonchain analysts drew attention to this.
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What can you do with $4?
This trader made $63.4K with only $4!
He spent 0.025 $SOL($4) to buy #MEMCoin $BALLZand sold it for 428.15 $SOL($63.4K) 5 hours later.
Making 428 $SOL($63.4K), a gain of 17,125x! pic.twitter.com/CDzL4T866X
— Lookonchain (@lookonchain) March 11, 2024
March 10 user spent 0.025 SOL ($4) to buy 4,367,218.49 BALLZ. Five hours later, following a significant increase in the price of the token, he sold the assets for 428.15 SOL ($63,400).
The increase was x17,125.
X users have already accused a group of bloggers of shilling coins to further carry out the Pump & Dump scheme. They drew parallels with another Solana-based token, analoS, released in December 2023. Then traders also made big X’s, buying in the first minutes following the opening of trading. In January 2024, analoS dropped by 92%.
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Don’t be trapped in new scams.
A group of fraudulent influencers is shilling $BALLZgrifters who previously shilled $Analos.
They are dumping a small amount of $BALLZ on you every second.
Using bot buying to trend on Dexscreener & Birdeye.Note ; those who are shilling this… pic.twitter.com/wTtgvg8pq4
— Vasu Crypto (∎, ∆) (@0x_Lens) March 11, 2024
The new meme coin BALLZ is available on the Raydium exchange. Over the past 24 hours, its trading volume has fallen by 51.30%. The price during the same time decreased by 36.1% and at the time of writing is $0.02326, according to CoinGecko.
Let us remind you that at the end of February, another trader earned $225,000 on a token with a minimum trading volume.
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