$2.4K to $680,000 in 60 Days: MarsCoin Trader Smashes It
A pseudonymous crypto trader known as SmokΞy has turned $2,368 into over $680,000 in less than two months on MarsCoin ($MARSCOIN), a memecoin listed on the Binance exchange.
According to Arkham Intelligence, SmokΞy purchased $2,368 of MarsCoin when its market capitalization was $390,000 in late July and has held all tokens since then. The trader's position is now worth $680,500 at a market capitalization of $114 million.
This represents a 287x return on investment for SmokΞy, who has never sold any of his MarsCoin holdings. His crypto wallet address shows that he also holds other notable memecoins, including A Meme Coin (MEME) worth $158,270 and Chonketha the wet Beaver (CHONKETHA) valued at $14,570.
The same holding was valued at $524,320 as of September 17, representing a 22.95% decline in less than 24 hours.