CASHCAT Trader Sees $1.05M Gain From $838 Investment in 20 Days

A cryptocurrency trader has generated an estimated $1.05 million profit from a CASHCAT memecoin investment after holding the tokens for 20 days.

According to blockchain data, trader 0xDE4C purchased 15.04 million CASHCAT tokens for $838 before the asset recorded a sharp price increase. Over the past 24 hours, CASHCAT surged 718%, significantly increasing the value of the trader’s holdings.

Following the rally, 0xDE4C sold 13.5 million CASHCAT tokens for approximately $917,600 while retaining 1.5 million tokens worth about $133,700.

The combination of realized gains from the sale and the value of the remaining holdings puts the trader’s total profit at an estimated $1.05 million.

Source: Lookonchain