Trader Turns $21k into $3.78m with Two Memecoins

A trader has made headlines after turning $21,000 into over $3.78 million by buying two memecoins, ZCAT and STONK.

The trader's success was reported by Lookonchain, which estimated the profit from ZCAT trades at $2.17 million, with a return of 1,626x.

According to Lookonchain, the trader spent around $1,300 buying 24.52 million ZCAT tokens and later sold 8.96 million for $55,000, leaving 15.57 million tokens worth about $2.12 million in their address.

The trader also made a profit of $1.61 million from STONK trades, with a return of 82x. They spent around $19,700 buying 44.43 million STONK and sold 34.62 million for $411,000, leaving 9.8 million tokens worth about $1.22 million.

An X user criticized Lookonchain for selectively highlighting individual successful trades, which can create FOMO and boost audience engagement. The user urged Lookonchain to show the full activity history of such traders, including total profit, the number of addresses, and the likelihood that the successful buys are tied to insider trading.