How a crypto trader made $2.5 million in one day

The crypto sector is still very active, largely influenced by broader economic information such as data on job growth and interest rates.

U.S. job growth topped estimates in April, according to the latest data, showing the economy remains strong enough to withstand the squeeze from higher interest rates. This reduces the chances of lower interest rates and therefore affects cash flows in more speculative areas such as cryptocurrencies. Several examples of profitable strategies using meme cryptocurrencies will be presented here.

Meme Investor uses a winning strategy to invest in meme tokens as they consistently show signs of strength and have the potential to grow despite broader market corrections.

In this case the trader exchanged 15.8 SOL , equal to about $2,558 to acquire 36.77 million RNT.tokens. He then sold 606,000 RNT for 165 SOL ($26,800) and was left with 36.17 million RNT worth about $2.4 million.

In another example last month, a trader turned an $800 investment into $657,000 in a few hours trading Mother Iggy (MOTHER).

Memecoins, known for their speculative nature, continue to attract traders despite recent declines. The total market capitalization of meme tokens stands at $62 billion, representing a minimal drop of 0.4% in the last 24 hours. Leading objects like Dogecoin (DOGE) , Shiba Inu (SHIB) и Pepe (PEPE) posted losses, while other tokens saw slight gains, indicating mixed market sentiment.

Despite the inherent risks of meme cryptocurrencies, the potential for high returns continues to attract interest. Recent successes highlight the lucrative opportunities in this sector, especially as broader market conditions push traders toward alternative strategies.