- Dormant wallet turned $8,191 into $4M by trading 14.62M LAUNCHCOIN before a 25,000% price surge.
- Strategic accumulation and exits on Raydium drove LAUNCHCOIN’s market cap from $500K to over $ 300 M.
- Over 171,000 trades and $279M volume in 24 hours made LAUNCHCOIN a top-volume crypto after explosive growth.
A crypto trader turned $8,191 into over $4 million in 22 days, triggering a parabolic surge in LAUNCHCOIN. The sudden activity ignited speculation of insider access and caused the token’s market cap to explode from $500K to over $ 300 M.
Dormant Wallet Buys Before Price Ignites
According to a post by Lookonchain, the wallet had been inactive for over four months before withdrawing 68.8 SOL from Binance. It spent 54 SOL, worth $8,191, to buy 14.62 million LAUNCHCOIN at a sub-$500K market cap. The move occurred just before a massive spike, raising questions about whether it was smart timing or insider knowledge.
The trader began selling after LAUNCHCOIN’s market cap crossed $200 million. By then, they had sold 2.5 million tokens for 3,465 SOL, worth $617 K. They still hold 12.12 million LAUNCHCOIN, valued at $3.5 million at recent prices.
On-Chain Data Shows Strategic Accumulation
Most transactions took place on Raydium, where the trader executed large swaps. One outflow included 3.91 million LAUNCHCOIN for $1,285, alongside inflows like 2.88 million tokens worth $1,435. Multiple transfers of WSOL and SOL supported this strategy, such as -15 WSOL at $2,280 and -5 WSOL at $760.
The wallet consistently interacted with Raydium’s WSOL-LAUNCHCOIN pool. Frequent Binance deposits and withdrawals suggest the user bridged liquidity between CEXs and DEXs. Activity clustered heavily on one day, showing a coordinated buy-in followed by staged exits.
Market Cap, Volume, and Price Confirm Reaction
According to CoinMarketCap data, LAUNCHCOIN reached a high of $0.361 before pulling back to $0.2418. That marks a 25,000% gain since the trader’s first purchase. Its 24-hour volume surged to $279.36 million, 113% of its $241.79 million market cap.
The supply now stands at 999.87 million out of a 1 billion max. Volume remained high even as the price dipped 7.58% in 24 hours. The market registered over 171,000 trades, with buyers slightly outnumbering sellers.
This burst of activity from a single wallet catalyzed one of the most explosive token rallies in months. It created liquidity, drew in speculators, and turned a micro-cap into a top-volume asset almost overnight.
