Trader Turns $15,300 into $1.29 Million in Two Days with FAI Meme Token

An anonymous trader managed to turn 4.2 ETH ($15,300) into a staggering $1.29 million in just two days by trading the FAI meme token. The milestone was highlighted by analysts at Lookonchain.

Turn $15.3K into $1.29M in just 2 days on #Base!

This trader spent 4.2 $ETH($15.3K) to buy 253.63M $FAI 2 days ago, then sold 91.8M $FAI for 106.2 $ETH($384K), leaving 161.8M $FAI ($911K).

Total profit: $1.28M!

Address:https://t.co/0Xh2sS4xayhttps://t.co/iTtcCq2Blt pic.twitter.com/fShKhyMJGu

— Lookonchain (@lookonchain) November 30, 2024

On November 27, the trader purchased 253.63 million FAI for 4.2 ETH. Over the next two days, they sold 91.8 million tokens for 106.2 ETH ($384,000), retaining a balance of 161.8 million FAI worth $911,000. In total, their combined realized and paper profit stands at $1.29 million.

This isn’t the first time a meme token has delivered massive returns. In September, another investor turned $815 in SOL into $9.4 million within 17 days by buying MOODENG tokens. In October, a trader transformed $727 into $2.42 million in just four days with the GOAT meme token.

However, billionaire and crypto advocate Mark Cuban has cautioned that meme tokens are inherently risky, often resembling “long-term rug pull schemes.”