Satoshi

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Spot

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Tellor

<p>A Solana-based meme coin, $KITTY, has experienced a 6,000% price surge following the return of the influential figure known as <a href="https://twitter.com/TheRoaringKitty" target="_blank" rel="noopener noreferrer nofollow">@TheRoaringKitty</a>. This price appreciation has resulted in two lucky traders making substantial profits, achieving returns of up to 49 times their initial investment in just one month.</p>
<p>According to data from <a href="https://twitter.com/spotonchain/status/1789912231548715228" target="_blank" rel="noopener noreferrer nofollow">Spot On Chain</a>, a blockchain analytics platform, the two traders, identified by their wallet addresses “EPL15” and “7Jt9m,” have capitalized on the $KITTY price rally, transforming relatively modest investments into significant holdings.</p>
<h2 class="wp-block-heading" id="wallet-epl15-turns-14-sol-into-1-024-sol">Wallet “EPL15” Turns 14 SOL into 1,024 SOL</h2>
<p>The first trader, using the wallet address “EPL15”, invested a total of 14 SOL (approximately $1,946) to purchase 14.67 million $KITTY tokens between March 31 and April 24.</p>
<p>As a result of the <a class="wpil_keyword_link" href="https://captainaltcoin.com/meme-coins/" title="meme" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">meme</a> coin’s impressive price performance, the value of this trader’s $KITTY holdings has soared to 1,024 SOL, equivalent to $155,000. This represents an astonishing 73x return on their initial investment.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="763" src="https://captainaltcoin.com/wp-content/uploads/2024/05/image-370-1024x763.png" alt="" class="wp-image-490374" srcset="https://captainaltcoin.com/wp-content/uploads/2024/05/image-370-1024x763.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-370-300x224.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-370-767x572.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-370-1536x1145.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-370-2048x1527.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-370-201x150.png 201w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-370-100x75.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-370-469x350.png 469w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-370-788x587.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-370.png 680w" sizes="(max-width: 1024px) 100vw, 1024px">
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<h2 class="wp-block-heading" id="wallet-7jt9m-achieves-49x-return-amassing-1-470-sol">Wallet “7Jt9m” Achieves 49x Return, Amassing 1,470 SOL</h2>
<p>The second trader, identified by the wallet address “7Jt9m”, invested a total of 30 SOL ($4,170) on April 1 and 3 to acquire 20.53 million $KITTY tokens.</p>
<p>Following the meme coin’s price surge, the value of this trader’s $KITTY holdings has reached an impressive 1,470 SOL, equivalent to $218,000. This remarkable growth represents a 49x return on their initial investment.</p>
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<h2 class="wp-block-heading" id="the-roaring-kitty-s-influence-on-the-meme-coin-market">The Roaring Kitty’s Influence on the Meme Coin Market</h2>
<p>Experts attribute the price appreciation of $KITTY to the return of @TheRoaringKitty, a prominent figure in the meme coin community. The Roaring Kitty, known for their influence on meme stocks and cryptocurrencies, has a decent following and the ability to generate substantial hype around specific assets.</p>
<p>As news of The Roaring Kitty’s return spread, investors and traders likely rushed to acquire $KITTY tokens, anticipating a potential price surge. This increased demand, coupled with the limited supply of $KITTY tokens, likely contributed to the meme coin’s explosive growth.</p>
<p>While the success stories of the two traders who achieved substantial returns on their $KITTY investments are undoubtedly impressive, Spot On Chain warns against succumbing to the fear of missing out (FOMO) when trading, particularly during periods of steep price changes.</p>
<p><strong><em>Read more:&nbsp;<a href="https://captainaltcoin.com/whales-cash-in-on-tellor-trb-surge-amid-bullish-market-trends/" target="_blank" rel="noopener noreferrer nofollow">Whales Cash In on Tellor (TRB) Price Surge Amid Bullish Market Trends</a></em></strong></p>
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<p>The post <a href="https://captainaltcoin.com/this-solana-meme-coin-skyrocketed-by-6000-two-traders-achieve-49x-returns/" rel="noopener noreferrer nofollow">This Solana Meme Coin Skyrocketed by 6,000%: Two Traders Achieve 49x Returns</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

This Solana Meme Coin Skyrocketed by 6,000%: Two Traders Achieve 49x Returns

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