Savvy

Memecoin

Show

<p>A savvy trader has reportedly made a killing by expertly navigating the launch of a new memecoin called FOXY. According to blockchain analysis from<a href="https://twitter.com/lookonchain/status/1778727365394469280?t=6Q3MusGOwrl-7PZWF260GA&amp;s=19" target="_blank" rel="noopener noreferrer nofollow"> Lookonchain,</a> this trader managed to turn an initial investment of around $1.16 million into a staggering profit exceeding $1 million in less than two hours.</p>
<p>The trader, operating under the pseudonymous wallet address “0x348a,” methodically prepared for the FOXY launch days in advance. As early as three days prior, the cryptocurrency exchange OKX announced that it would list FOXY for spot trading on April 12, 2024, at 8:00 AM UTC.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="502" src="https://captainaltcoin.com/wp-content/uploads/2024/04/image-633-1024x502.png" alt="" class="wp-image-473713" srcset="https://captainaltcoin.com/wp-content/uploads/2024/04/image-633-1024x502.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-633-300x147.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-633-767x376.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-633-1536x753.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-633-2048x1004.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-633-306x150.png 306w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-633-100x49.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-633-714x350.png 714w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-633-788x386.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-633.png 900w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>With meticulous planning, the trader created a new wallet and ensured they had the necessary funds ready two hours before trading opened. When FOXY went live, they swiftly deployed 330 Ethereum (ETH), worth approximately $1.16 million at the time, to purchase a massive haul of 117.32 million FOXY tokens.</p>
<p>The real coup, however, came in the trader’s next move. Within the same frenzied trading window, they offloaded 57.32 million FOXY tokens on-chain, raking in 336 ETH (around $1.18 million). Not content with those impressive gains, the trader then deposited the remaining 60 million FOXY tokens, valued at approximately $1.08 million, into the OKX exchange.</p>
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"><i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   Explosion in Meme Coin Market; How to find potential successors to $WIF, $PEPE, and $BONK? <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f92b.png" alt="🤫" class="wp-smiley" style="height: 1em; max-height: 1em;">
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style>
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px">
    <p>The key? Getting in early, especially during the <strong>ICO phase</strong>. Check out <a href="https://captainaltcoin.com/go/ll_inside/" target="_blank" rel="noopener noreferrer nofollow"><strong>NuggetRush</strong></a> today! This new memecoin combines play-to-earn gaming with authentic gold mining ventures. <a href="https://captainaltcoin.com/go/ll_inside/" target="_blank" rel="noopener noreferrer nofollow"><strong>Seize the opportunity</strong></a> with ongoing presale prices! Plus, prepare for $NUGX’s upcoming launch on major exchanges.</p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div>
 </div>
</div>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="464" src="https://captainaltcoin.com/wp-content/uploads/2024/04/image-634-1024x464.png" alt="" class="wp-image-473721" srcset="https://captainaltcoin.com/wp-content/uploads/2024/04/image-634-1024x464.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-634-300x136.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-634-768x348.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-634-1536x696.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-634-2048x928.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-634-331x150.png 331w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-634-100x45.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-634-772x350.png 772w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-634-788x357.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-634.png 900w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>In the end, this daring trader’s total profit from the FOXY <a class="wpil_keyword_link" href="https://captainaltcoin.com/meme-coins/" title="memecoin" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">memecoin</a> launch exceeded an eye-watering $1 million, all within a mere two-hour trading frenzy. While such windfall profits are the exception rather than the norm, this trader’s shrewd maneuvering and timely execution serve as a testament to the potential rewards – and risks – of navigating the volatile memecoin market.</p>
<p><em><strong>Hunting for a small cap coin that could explode 10x? We’ve unveiled a few last week alone.<br>Get all our future calls by joining our <a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram community.</a></strong></em></p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/Copy-of-P2P-Review-17-qi3pqhl3pi3mlojv8nq0upz5rcb68rblc7kuvhcaou.png" width="500" alt="Check NuggetRush ($NUGX)" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-ll_bottom-target-_blank-rel-noopener-noreferrer-nofollow-span-check-nuggetrush-nugx-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <span>Check NuggetRush ($NUGX)</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     Sponsored: Invest Responsibly, Do Your Own Research.
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> Buy NUGX Today </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Being in its <strong>ICO stage</strong>, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>A unique <strong>play-to-earn</strong> gaming platform in the memecoin market <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>The platform combines artisanal and <strong>gold mining</strong> with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Fosters a strong <strong>community </strong>by encouraging physical meetups among members <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i><strong>NFT</strong> Integration with Prominent Characters
    </div>
   </div>
  </div>
 </div>
</div>
<p><em><strong>Hunting for a small cap coin that could explode 10x? We’ve unveiled a few last week alone.<br>Get all our future calls by joining our <a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram community.</a></strong></em></p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/Copy-of-P2P-Review-17-qi3pqhl3pi3mlojv8nq0upz5rcb68rblc7kuvhcaou.png" width="500" alt="Check NuggetRush ($NUGX)" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-ll_bottom-target-_blank-rel-noopener-noreferrer-nofollow-span-check-nuggetrush-nugx-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <span>Check NuggetRush ($NUGX)</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     Sponsored: Invest Responsibly, Do Your Own Research.
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> Buy NUGX Today </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Being in its <strong>ICO stage</strong>, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>A unique <strong>play-to-earn</strong> gaming platform in the memecoin market <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>The platform combines artisanal and <strong>gold mining</strong> with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Fosters a strong <strong>community </strong>by encouraging physical meetups among members <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i><strong>NFT</strong> Integration with Prominent Characters
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/how-savvy-trader-made-1m-trading-this-newly-launched-memecoin-on-okx-exchange/" rel="noopener noreferrer nofollow">How Savvy Trader Made $1M Trading This Newly Launched Memecoin on OKX Exchange</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

How Savvy Trader Made $1M Trading This Newly Launched Memecoin on OKX Exchange

Table of Contents

CaptainAltcoin

Other articles published on Apr 12, 2024

XRPL Unveils AMM Upgrade Amid Surpassing 87M Ledgers

Cryptocurrency Cosmos Hub Falls More Than 15% In 24 hours

Solana Lender Drama Deepens: $250 Million Outflow After Founder Quits

Hong Kong Bitcoin ETFs May Reach $25B in Demand

FTX Co-Founder Sam Bankman-Fried Appeals 25-Year Conviction And Makes Unusual Request

Unlocking Success with Automated Forex Trading Systems

Join our free newsletter for daily crypto updates!