Benzinga – A patient trader made headlines in the crypto community by turning an investment of under $10,000 into millions in just two months with a hamster-themed meme coin called Hammy (HAMMY).
What Happened: Lookonchain data revealed how the trader spent 60 Solana (CRYPTO: SOL) worth $8,673 to purchase 24.8 million HAMMY for $0.00035 on March 10. Around a month later, the price of HAMMY rose to $0.007, resulting in a 20x gain for the trader. However, instead of selling for a quick profit, the trader chose to hold onto their position.
On May 4, the trader finally decided to sell 12.8 million HAMMY for 2,711 SOL (around $401,000) for $0.0313. The trader still holds 12 million HAMMY tokens, which are currently worth around $858,000. In total, the trader’s profit on their HAMMY investment is estimated to be $1.25 million.
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