Exchange Turns 9,000 USD into 5 Million USD in 1 Month: Here's How to Do It

A trader turned $9,000 into $5 million in just one month by investing in LAUNCHCOIN. Formerly known as PASTERNAK, LAUNCHCOIN has skyrocketed by more than 348% in the last 24 hours, causing its market cap to skyrocket to over $230 million. But what's behind the explosive rise of LAUNCHCOIN? LAUNCHCOIN Soars: Market Capitalization Exceeds 230 Million USD LAUNCHCOIN has become the center of attention as its value skyrocketed over 348% in just 24 hours. With a market capitalization exceeding 230 million dollars and a 24-hour trading volume of 126 million dollars, LAUNCHCOIN is showing strong growth momentum in the market. The price chart shows the almost vertical growth trajectory of this coin over the past seven days, reaching a level of 0.241 dollars.

LAUNCHCOIN is a token related to Ben Pasternak, the founder of Clout—a SocialFi platform built on Web3 technology. PASTERNAK has been renamed Launch Coin on Believe (LAUNCHCOIN) after Clout rebranded to Believe, with the aim of unifying the token name and positioning the project in the market. The combination of Web3 technology and the SocialFi model has created a unique appeal for LAUNCHCOIN, especially in the context of the growing interest in Solana-based projects. Traders and whales make huge profits The rapid growth of LAUNCHCOIN has brought huge profits to early investors. According to a post on X by Lookonchain on May 14, a trader spent $9,075 to buy 20.3 million LAUNCHCOIN tokens a month ago. That investment is now worth $4.7 million, corresponding to an incredible profit of 515x.

This trader is not the only one who makes a profit. Other whales have also recorded impressive increases. A whale spent $91,000 to buy 20.31 million LAUNCHCOIN tokens a month ago, and their unrealized profits have now exceeded $3.4 million Meanwhile, another whale invested $367,000 to purchase 17.66 million LAUNCHCOIN tokens three months ago when the price was nearly 0. That investment has now yielded an unrealized profit of over $2.3 million. These figures highlight that LAUNCHCOIN is not just a price phenomenon but also a significant profit opportunity for early investors. However, such rapid growth raises questions about sustainability and potential risks, especially in a volatile market like cryptocurrency. Potential Risks While LAUNCHCOIN has generated enormous profits, its rapid price increase comes with significant risks. Traditionally, cryptocurrencies backed by celebrities tend to be very volatile and susceptible to price manipulation through "pump-and-dump" schemes. The case of MIKAMI is a notable example.

Data from GMGN shows that the liquidity of LAUNCHCOIN remains low, with only 4.2 million dollars in the liquidity pool, while its market capitalization has skyrocketed to over 230 million dollars. This disparity may pose challenges for investors when selling large tokens, leading to potential slippage risks. "A #LAUNCHCOIN trader is living the cryptocurrency dream. In just one month, he turned $9,000 into $4.7 million. But here’s the problem… The token only has a liquidity of $1.8 million; how can he cash out? This is why checking the liquidity of any token before investing is crucial." a user on X shared. Moreover, the 348% increase in 24 hours signals a strong rally, but it could also set the stage for a significant correction. Therefore, investors should conduct thorough research and assess the transparency and liquidity of the project before participating. Investors should also explore appropriate investment strategies to optimize future profits.