Trader made $480,000 with a 1500x gain before the memecoin dropped by 50%
07.04.2025
An unknown crypto trader managed to turn just $304 into $482,000 in a matter of hours by investing in the newly launched memecoin BUBB.
However, the rapid rise followed by a sudden 50% drop of the token sparked outrage in the crypto community — many suspected an insider scheme.According to Lookonchain, on March 21, the trader bought 43.94 million BUBB tokens for a symbolic amount. Shortly after, he sold about 29 million tokens for $122,000, keeping another $360,000 in assets. This resulted in an astounding 1586% return on the trade.
The BUBB meme token caught investors' attention on March 20 after a comment by Yi He, one of Binance's co-founders, under a post related to the token. This fueled rumors about a potential BUBB listing on the world’s largest exchange, triggering a wave of excitement among traders.
The BUBB situation occurred just a week after a similar incident with the WOLF memecoin, inspired by "The Wolf of Wall Street". On March 8, blogger Hayden Davis launched the token, hinting at the involvement of Jordan Belfort. The coin quickly reached a market cap of $42 million, but then crashed almost to zero.
According to a Bubblemaps report, 82% of all WOLF tokens were owned by a single entity, indicating centralized control and likely insider actions prior to the collapse.
However, the rapid rise followed by a sudden 50% drop of the token sparked outrage in the crypto community — many suspected an insider scheme.According to Lookonchain, on March 21, the trader bought 43.94 million BUBB tokens for a symbolic amount. Shortly after, he sold about 29 million tokens for $122,000, keeping another $360,000 in assets. This resulted in an astounding 1586% return on the trade.
The BUBB meme token caught investors' attention on March 20 after a comment by Yi He, one of Binance's co-founders, under a post related to the token. This fueled rumors about a potential BUBB listing on the world’s largest exchange, triggering a wave of excitement among traders.
The BUBB situation occurred just a week after a similar incident with the WOLF memecoin, inspired by "The Wolf of Wall Street". On March 8, blogger Hayden Davis launched the token, hinting at the involvement of Jordan Belfort. The coin quickly reached a market cap of $42 million, but then crashed almost to zero.
According to a Bubblemaps report, 82% of all WOLF tokens were owned by a single entity, indicating centralized control and likely insider actions prior to the collapse.
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