Trader Who Once Achieved a 3500x Return Strikes Again: $10,000 Added to Position in New Token SPIKE

BlockBeats News, April 18th, according to lookonchain monitoring, the renowned trader address J3jfq8 (who previously achieved over 3500x returns on MOODENG) made another move 4 hours ago, spending 10,000 USDC to buy approximately 1.12 million SPIKE tokens.

Looking back at their previous transactions, when the market cap of MOODENG was only about $320,000, this address opened a position with 8.1 SOL (approximately $1,072) to acquire 33.4 million tokens. Subsequently, they sold in batches through DEX and MEXC, realizing profits of at least $3.8 million in total, with a return of over 3500x.

Analysis suggests that this address's latest move may trigger a short-term capital follow-up effect. However, such highly volatile assets pose significant risks, and returns heavily rely on early liquidity and timing of exit.

BlockBeats Note: Most meme coins lack practical use cases and experience large price fluctuations. Please be cautious of asset protection and avoid FOMO.