Here’s How This Crypto Trader Made 94x Profit in Just One Hour

In the midst of a downtrend in the crypto market, some traders are still achieving extraordinary profits.

Recently, a trader turned an initial investment of $8,000 into $800,000 in just one hour. This was achieved by trading a new meme coin, CTO, launched on the Raydium Protocol through the MakeNow.Meme platform.

Starting with 50 Solana ( SOL ) tokens, the trader acquired 256.8 million CTO tokens. Within an hour, they sold a significant portion of these tokens for 4,771 SOL, netting a profit of approximately $802,500.

Earlier that same day, the trader also saw substantial gains from another token, PFI, on Raydium. A $3,400 investment in PFI was converted into $104,000, marking a 30-fold return.

These rapid gains illustrate the high-risk, high-reward nature of the crypto market, especially with new meme coins. CTO currently trades at $0.00466 with a market cap of $4.6 million, while Solana is facing short-term losses, trading around $168.

Overall, significant profits are possible in the volatile crypto space, but they come with considerable risks.