Crypto Trader Turns $3K into $9M in 3 Days with GNON Token

A wise cryptocurrency dealer has made headlines by turning a mere $3,000 into over $9 million in simply three days. This unimaginable feat got here from investing within the low-market capitalization memecoin, Numogram (GNON), which launched on October 17.
In response to on-chain analytics agency Lookonchain, the dealer purchased 56 million GNON tokens by way of three totally different wallets. After a couple of days of buying and selling, the worth skyrocketed by 3,000%, leading to a revenue of $9 million.
Regardless of having no actual utility, memecoins like GNON have created many new millionaires on account of their excessive value swings. Simply final Might, a dealer turned $3,000 into $46 million by buying and selling one other common memecoin, Pepe.
GNON’s current surge might be attributed to its itemizing on the memecoin buying and selling platform Moonshot on October 19. After this, GNON noticed a each day rise of over 233%, buying and selling at $0.1505 as of October 20.
Nevertheless, consultants warning that GNON’s fast value improve might not final. With no basic causes to assist long-term progress, its worth is pushed primarily by social media buzz and hypothesis.
As many younger traders really feel disillusioned with conventional markets, they’re more and more drawn to the thrill of buying and selling memecoins.
Additionally Learn: Litecoin Completes 4 Billion Transaction Volume in a Day