A Cryptocurrency Wallet Raises $428 to $180,000: Here are the Transactions

According to data provided by Lookonchain, a tiny cryptocurrency wallet has amassed a notable asset by making a 421x profit in just 12 hours.

A small cryptocurrency wallet made an impressive asset move, turning a 421x profit in just 12 hours, according to data from Lookonchain.

Joining the recent memecoin hype, the wallet bought Magnets for just 3 SOL, or $428. It then sold them for 1,241 SOL, or $180,000, as the memecoin Magnet surged.

While it sold almost all of its wallet assets, the wallet still holds around $45,000 worth of Magnet in its wallet.

Another large memecoin whale’s latest move also caught attention. According to Onchain data, a large PEPE whale bought another memecoin called SPX after selling PEPE.

This whale bought $800,000 worth of PEPE between April 18 and May 15 and had an unrealized profit of $120,000.

Hours ago, it sold $574,000 of them and bought $684,000 worth of SPX tokens. It currently has a 16% profit within a few hours.

*This is not investment advice.

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