In today’s hot stories, a crypto trader has stunned the market after turning an $838 investment into more than $1 million in just 20 days. The massive return came from holding the meme coin CASHCAT through an explosive rally. The trade has quickly attracted attention across the crypto community and highlighted the huge rewards—and risks—of meme coin investing.
Trader Sees 1,253x CASHCAT Profit
Market intelligence platform Lookonchain reported the transactions of a trader who turned an $838 investment into $1.05 million in just 20 days. The platform shared the details in an X post, highlighting one of the biggest meme coin trades in recent weeks. According to Lookonchain, the trader, identified as 0xDE4C, spent just $838 to buy 15.04 million CASHCAT tokens 20 days ago.
Instead of taking early profits, the trader held the position as the meme coin continued to rally. After CASHCAT skyrocketed, the trader sold 13.5 million tokens for more than $917,000. Despite the sale, the wallet still holds 1.5 million CASHCAT, currently valued at over $133,000. Together, the realized gains and remaining holdings bring the trader’s total profit to $1.05 million, representing a remarkable 1,253x return in just 20 days.
The rally also pushed CASHCAT to the top of DexScreener’s trending list. At the time of the report, the token had surged more than 1,090% over the previous 24 hours. It also reached a market cap of about $87.7 million while generating roughly $36.5 million in daily trading volume, reflecting strong market interest.
CASHCAT Rally Attracts Another High-Profile Trader
Interestingly, the trader behind the 1,253x return was not the only investor to make a major move into CASHCAT. Lookonchain also reported that a wallet named Ansem-2 spent $233,000 to acquire 2.79 million CASHCAT tokens, signaling growing interest in the meme coin.
The platform suggested that Ansem-2 could be affiliated with the Solana wallet CLM6E4, which is directly linked to crypto trader Ansem. According to Lookonchain, the wallet currently holds 10.5 million ANSEM tokens valued at $2.7 million.
Lookonchain further noted that the trader has already generated about $2.6 million in profit from trading ANSEM. The latest purchase of CASHCAT suggests the trader may be looking to capitalize on the token’s explosive momentum and extend that winning streak.
The latest trades have placed CASHCAT firmly in the spotlight. While the token’s explosive rally has created life-changing profits for some early investors, market participants are now watching closely to see whether it can sustain its momentum or face profit-taking after its rapid surge.
Meanwhile, according to CoinMarketCap, ANSEM has retraced about 31% from its recent peak and is currently trading around $0.28. The token previously surged 299% to reach an all-time high of approximately $0.44, making it one of the market’s best-performing meme coins before the recent pullback.
The CoinRemark Team
