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Showing posts with the label market liquidity

Crypto trader turns $90 into $3.25 million in just two days

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A cryptocurrency trader has recorded an extraordinary 36,067-fold return on their investment by betting on a new Solana (SOL) meme coin, Unicorn Fart Dust (UFD). The trader initially invested 0.4 SOL, equivalent to $90.28, to purchase 12,980,490.53 UFD tokens. Over the course of 48 hours, the trader executed two significant swaps.  First, exchanging 50,000 UFD for 13.27 wSOL, valued at $2,856.51. Then, swapping 30,490.53 UFD for 7.96 wSOL, worth $1,713. The remaining 12.9 million UFD tokens were valued at $3.25 million. The trader’s initial purchases of UFD. Source: Solscan However, this valuation hinges on market liquidity and demand, as meme coins like UFD are known for their extreme volatility and limited market depth, making such gains challenging to fully realize. Picks for you AI picks 2 altcoins to buy and add to your crypto por...