Investor Turns $3,000 into $9 Million With This Memecoin

A cryptocurrency investor has made over $9 million from an initial altcoin investment, demonstrating the significant potential of memecoin trading.

The investor achieved an incredible 3,000% return on their investment in the Solana -based Numogram (GNON) token, which launched on October 17 and has a relatively low market capitalization.

On October 20, the on-chain intelligence firm Lookonchain reported this remarkable trade, revealing that the individual turned a $3,000 investment into $9 million within just three days.

They purchased 56 million GNON tokens across three wallets and later sold a portion of their holdings.

Although the enigmatic memecoin lacks clear use cases, it has experienced a remarkable daily surge of over 200%.

The token began gaining traction after being listed on the memecoin trading platform Moonshot on October 19.