Traders' Lucky Break: $2,972 Bet Turns Into $2.1 Million Overnight

A crypto trader made an extraordinary profit by buying MEME tokens just 21 days after its wallet was created. The trader spent $2,972 to purchase 16.11 million MEME tokens and sold 750,000 of them for about $85,300, leaving a position worth around $2.03 million.

The rapid rise in MEME's price was fueled by a dispute between Robinhood and AMC Entertainment, with the token surging over 3,100x in one day.

Lookonchain described the trader as 'so lucky' due to their unusually early timing in a highly speculative market, where meme coins can move primarily on narratives and social-media attention.