User invests $12 000 in the PORK meme token and makes $3,3 million in three days

The unknown trader’s unrealized profit is $2,55 million

02.02.2024 - 15:26

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What’s new? Lookonchain project analysts have found a wallet whose owner increased his investments 275 times in three days, earning $3,3 million in PepeFork (PORK) meme tokens. For example, an unknown user spotted PORK seven minutes after the asset started trading and spent 5 ETH worth $12 000 to buy 9,5 trillion PORK. He then sold 6,3 trillion PORK for 329 ETH, recording a profit of $753 000. In addition, the user’s address still holds 3,2 trillion PORK and has an unrealized profit of $2,55 million.

Source: Twitter.com

What else is known? The token was launched on January 30 on the decentralized exchange (DEX) Uniswap v3, two days later its market capitalization crossed the $200 million mark. The project is based on the PEPE meme token, which also uses the Pepe the Frog character by artist Matt Furie as its mascot.

According to CoinGecko, at the time of writing, PEPE ranks fifth in the meme token ranking by market capitalization, while PORK is in ninth place. In addition to Uniswap, MEXC, and LBank are also the most popular exchanges for trading PORK.

Last year, an unknown user earned $784 000 in a month and a half on investments in the BONK meme token.

On January 31, the “airdrop hunter” received $1,17 million when distributing the native token of DEX aggregator Jupiter. He connected 9246 addresses to participate in the airdrop.

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