The crypto space is filled with stories of individuals who have become millionaires and billionaires by trading crypto tokens. This time, another individual has been revealed to have made $8.3 million in just six days.\u00a0<\/p>\n
On-chain analytics platform Lookonchain revealed in an X (formerly Twitter) post<\/a> that pseudonymous crypto trader Larp von Trier turned 0.1 ETH ($353) into $8.3 million on layer-2 network Base. He is said to have made a 23,770x profit by investing in $KEYCAT, a meme coin on Base, while it was still trading at a market cap of $2,200.\u00a0<\/p>\n Von Trier used the $353 to buy $1.3 billion worth of $KEYCAT tokens (13.16% of the token\u2019s total supply) and then sold 344.7 million $KEYCAT for 497 ETH ($1.75 million) through two of his wallets. The trader still holds 971.2 million $KEYCAT (9.71% of the token\u2019s total supply) in six other wallets. These tokens are said to be currently worth about $6.64 million.\u00a0<\/p>\n This trade looks to have been a breakthrough moment for Von Trier as Lookonchain further revealed that the pseudonymous crypto trader hadn\u2019t had much luck investing in meme coins before now. Before buying $KEYCAT, Von Trier had purchased two other Base meme coins, $NORMIE and $NORMILIO, losing $820 and $9,700 from both trades.\u00a0<\/p>\n Revelations about Von Trier\u2019s profitable trade have drawn mixed feelings from members of the crypto community. Some allege<\/a> that it must be some sort of insider trading, while others complimented<\/a> his trading skills, considering what it takes to have invested such an amount in a meme coin with such a market cap.\u00a0<\/p>\n Bitrabo also recently reported about a meme coin trader who turned $1,800 into $11 million by investing in Dogwifhat (WIF) while it was still trading below $0.2. Unlike Von Trier, this trader tried to paperhand his holdings but could not offload his WIF tokens, leading him to opt against selling and instead holding.\u00a0<\/p>\n Meme coins continue to provide a means for crypto traders to make such an enormous amount of money within a short time. This is mainly because meme coins are more volatile than the traditional crypto tokens in the market and could quickly go from one to a hundred within the twinkle of an eye.\u00a0<\/p>\n At the moment, Solana and Base look to be the two primary chains where meme coin trading is at its peak. Base, in particular, has seen a jump in its transaction volume due to this meme coin frenzy.\u00a0<\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" The crypto space is filled with stories of individuals who have become millionaires and billionaires by trading crypto tokens. This time, another individual has been revealed to have made $8.3 million in just six days.\u00a0 How This Trader Made $8.3 Million On-chain analytics platform Lookonchain revealed in an X (formerly Twitter) post that pseudonymous crypto […]<\/p>\n","protected":false},"author":1,"featured_media":9670,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"slim_seo":{"title":"Here\u2019s How On Crypto Trader Turned $100 To $8.3 Million On An Ethereum L2 Network - Bitrabo","description":"The crypto space is filled with stories of individuals who have become millionaires and billionaires by trading crypto tokens. This time, another individual has"},"footnotes":""},"categories":[316],"tags":[504,768,682,561,476,910,3117],"class_list":["post-9669","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-crypto","tag-ethereum","tag-heres","tag-million","tag-network","tag-trader","tag-turned"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/9669","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/comments?post=9669"}],"version-history":[{"count":0,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/9669\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media\/9670"}],"wp:attachment":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media?parent=9669"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/categories?post=9669"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/tags?post=9669"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}<\/span>Just Another Day In Crypto<\/span><\/h2>\n