SOL - A Trader Turns $356K Into $5.8M With Biden-Related 'Jeo Boden' Meme Coin | Benzinga
An anonymous Solana (CRYPTO: SOL) trader that bought significant amounts of Jeo Boden (CRYPTO: BODEN) within days of its launch is up over $5 million on the early investment.
What Happened: Per Solscan, the wallet holds 3 million BODEN, worth approximately $2.5 million at the time of writing.
The trader started buying BODEN on March 6, three days after the launch, at prices ranging from 1 cent to 7 cents. The shopping spree ended at a balance of 12 million BODEN on March 7. Data from Chainedge, a smart money wallet tracking tool, shows the trader bought $356,249, averaging a purchase price of 2.5 cents.
The wallet then transferred 6 million BODEN to another wallet, which sold $1,018,413 worth of BODEN at an average price of $0.151.
Half of the remaining 6 million BODEN have been sold at an average price of $0.792, netting another $2,461,575. Total revenue thus amounts to $3,479,988, netting the trader a realized profit of over $3 ...