How a trader made millions on memcoin

How a Trader Made Millions on a Meme Coin

Over a month ago, an Ethereum trader with the address 0x6ac purchased over 4.5 billion tokens of the meme cryptocurrency NEIRO, investing 4.9 ETH (about $16.5K). The acquisition happened shortly after the token's launch, which occurred just two days before this purchase. Since then, 0x6ac has expanded his position, adding approximately 500 million more NEIRO tokens, reaching a total of 4.55 billion tokens.

A recent Binance listing for NEIRO led to a sharp rise in the token's value, with its price increasing more than 10x in a single day, raising its market cap to $350 million. This surge boosted 0x6ac's portfolio valuation to $3.5 million, resulting in a one-day profit of over $3 million.

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