Trader Nets Over 27,600% in Profit on a Memecoin Built on the Base Layer-2 Blockchain: Lookonchain
A trader is seeing over 27,600% in profits after investing in a memecoin launched on the Ethereum (ETH) layer-2 scaling solution Base. According to blockchain tracking firm Lookonchain, one smart trader turned $18,000 into $5 million – a gain of 27,677% – after purchasing Degen (DEGEN) in January. “Only invested 7.35 ETH ($18,000) on DEGEN,...