Cryptocurrency Trader Transforms 135 into 12 Million in Just 15 Days
A recent purchase of an Ethereum (ETH)-based meme coin called First City in Mars (TERMINUS) for $135 has emerged as a spectacular investment opportunity in the crypto market, potentially marking the most lucrative trade of 2024. According to data collected by Finbold, the transaction conducted on Uniswap on September 8 saw its value soar nearly 1,000-fold by September 21, reaching an astounding $1.2 million just days later. This meteoric rise from $135 to $1.2 million translates to an approximate 9,000% increase within just over two weeks, positioning it as one of the most remarkable financial moves recorded.
**Recent Highlights:**
– Underground crypto mining operations discovered in Dagestan, Russia.
– Billionaires are offloading Nvidia stock in favor of an Index Fund.
– Bybit introduces the world’s first Islamic crypto account.
– A cryptocurrency trader transforms $800 into $1.3 million in just two weeks.
*Crypto trader’s returns in TERMINUS. Source: Dex Screener*
**What Fuels TERMINUS’s Ascent?**
Like many meme coins, TERMINUS’s impressive surge can be attributed to a confluence of events, particularly an influential post on X by DogeDesigner, a well-known crypto figure. The post speculated that Elon Musk might name the first city on Mars “Terminus.” Although Musk has not officially endorsed TERMINUS, the association with the billionaire significantly boosted its value, especially following his announcement about plans to establish a city on Mars in the coming decades. SpaceX aims to send around five uncrewed Starships to Mars within two years, with the possibility of crewed missions commencing four years later, contingent on the success of the initial landings.
**Elon Musk’s Tweet:**
“It is only possible to travel from…
https://t.co/dzi03Hnyhg
— Elon Musk (@elonmusk)
September 22, 2024”
Moreover, the trade is becoming even more lucrative, as TERMINUS experienced a further 50.24% uptick within the last 24 hours, bringing its current price to $0.387.
*TERMINUS 1-day price chart. Source: Uniswap*
**A Resurgence for Meme Coins in September**
Despite the cryptocurrency market experiencing ‘The September Effect’ early in the month, which led to a lull as investors anticipated the arrival of ‘Uptober,’ the past 30 days have yielded remarkable success stories within the meme coin sector. While the TERMINUS trade stands out as the most impressive, it’s not the only notable occurrence. On September 23, Finbold reported a trader who exchanged 6 Solana (SOL)—valued at around $800 on September 6—for Moo Deng (MOODENG), witnessing their investment skyrocket to $1.3 million in just two weeks. Additionally, an investor who spent $16,550 on First Neiro (NEIRO) in early August saw returns of approximately $1.8 million by mid-September.
Meme coins have been a significant trend in the 2024 crypto landscape. A trader turned $650 into $67,000 in mid-August by trading Sundog (SUNDOG), while the Hawk Tuah (HAWKTUAH) meme coin enjoyed a brief yet impressive surge in late June.
However, not all trades have enjoyed success. One of the most notorious failures occurred when an investor poured $1 million into the MBAPPE meme coin, only to see its value plummet to $9,000 within a mere hour, serving as a stark warning in the volatile world of cryptocurrency.