A savvy cryptocurrency investor has recorded a ten-fold return on an investment of approximately $318,000 through precise market monitoring.
The transaction involved Solana (SOL) and the artificial intelligence-themed Act I: The AI Prophecy (ACT) in a trade conducted on Raydium, a decentralized exchange (DEX) built on the Solana blockchain.
Details of the trade indicate that the investor invested 1,558 SOL ($318,000) to acquire 10.9 million ACT tokens, according to the latest data retrieved by Finbold from on-chain crypto analysis platform Lookonchain on November 11.
ACT/SOL trading pair on Raydium. Source: Dex Screener
The trader’s initial investment soared to $3.4 million in under 60 minutes as ACT skyrocketed following its listing on Binance.
Drivers of ACT popularity
ACT is one of the meme coins that has gained popularity since its launch on the Solana blockchain, fueled by growing community enthusiasm and the general bullish market sentiment.
The token’s spike
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