Trader Profits Significantly From Fartcoin Investment

According to BlockBeats, on October 21, on-chain data revealed that a trader purchased 13,861,886.6 Fartcoin for 1 SOL three days ago. The trader has since sold a portion of the Fartcoin, converting it into 291.52 SOL, while still holding 3.1 million Fartcoin, valued at approximately $87,000. This results in a total profit of 825 times the initial investment. BlockBeats advises users to exercise caution when investing in meme coins, as they currently lack practical use cases and their prices can be highly volatile.