Unexpected Windfall: $LUCE Creator Profits Over $2M From Meme Token Craze

A token creator recently launched $LUCE, a new meme token, purchasing 67.06 million $LUCE for just 2 $SOL (around $130).

Following his usual pattern, he sold all 67.06 million $LUCE tokens, making a modest 0.73 $SOL profit—about $130. Remarkably, the same $LUCE tokens he sold are now valued at over $2 million, far exceeding any expectations he might have had for this casual project. The $LUCE market cap surged past $30 million, a massive leap for a token initially created for a quick flip on the meme coin platform Pump.fun.

A token creator launched $LUCE and used 2 $SOL to buy 67.06M $LUCE.

As usual, he sold all 67.06M $LUCE for 2.73 $SOL, making only 0.73 $SOL($130).

Now, the 67.06M $LUCE he sold is worth over $2M!

This token creator typically makes money by launching #MEMEcoins on… pic.twitter.com/t2ywwxy8tM

— Lookonchain (@lookonchain) October 29, 2024

Creator Launched Multiple Other Memecoins 

This creator is known for regularly launching meme tokens on Pump.fun, typically earning less than $100 per project. However, following $LUCE’s success, he launched two more meme tokens, amassing around 23 $SOL (approximately $4,100). His success story stands out in an otherwise volatile market where meme coin trading often leads to significant losses. For instance, over 755 meme coins traded in the past month reported a collective loss of $590,000, with a winning rate of only 8.61%.

One savvy investor behind the wallet address ..3jgub…MsroL spotted $LUCE’s potential early on. He spent 37.62 $SOL (around $6,569) on 22.51 million $LUCE tokens at a low cost of $0.0002919 per token on Pump.fun. In the last 10 hours, he has strategically liquidated his holdings, securing a cumulative profit of $293,000—a staggering 4,459% return. This story underscores the lucrative, yet unpredictable, world of meme coin investments, where fortunes are made and lost in a matter of hours.

一个月交易 755 个 Memecoin，亏损 59 万美金，胜率仅 8.61%😵‍💫 地址 3jgub…MsroL 总算等到了他的「光」 $LUCE

该地址今天凌晨在 https://t.co/fBNEH1YCUw 花费 37.62 SOL（6569 美金）买入 2251 万枚 LUCE，成本仅 $0.0002919；过去 10 小时内已分批清仓，累计获利 29.3 万美金，回报率 4459%！… pic.twitter.com/Gcq5nEwgMr

— Ai 姨 (@ai_9684xtpa) October 29, 2024

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news!

Image Source: maximusnd/123RF // Image Effects by Colorcinch