Cryptocurrency Investor Transforms 135 into 12 Million in Just 15 Days
A recent purchase of an Ethereum-based meme coin named First City in Mars (TERMINUS) for $135 has been generating buzz as potentially the most lucrative cryptocurrency trade of 2024. According to data obtained by Finbold from Lookonchain on the morning of September 24, this trade, executed on Uniswap on September 8, skyrocketed nearly 1,000 times by September 21, reaching a staggering value of $1.2 million just days later. This astonishing increase from $135 to $1.2 million reflects a remarkable growth of approximately 9,000 times in just over 15 days, marking it as one of the most profitable trades on record.
In other crypto news, Ripple sold over $200 million in XRP during a selling spree in September, while underground crypto mining farms were discovered in Dagestan, Russia. Additionally, billionaires are reportedly divesting from Nvidia stocks to invest in an index fund, and Bybit has introduced the world’s first Islamic crypto account.
Crypto trader’s returns in TERMINUS. Source: Dex Screener
### What’s Driving TERMINUS to the Stars?
As is common with meme coins, the impressive surge of TERMINUS can be attributed to a series of fortunate events. A notable moment was an X post by DogeDesigner, a well-known crypto influencer, who speculated that Elon Musk might name the first city on Mars “Terminus.” While Musk has not officially endorsed TERMINUS, the association between the billionaire and the meme coin has significantly boosted its value, especially after Musk expressed his plans to establish a city on Mars within the coming decades. SpaceX is preparing to launch around five uncrewed Starships to Mars within the next two years, with the possibility of crewed missions following four years later, depending on the success of these initial launches.
Elon Musk tweeted:
“It is only possible to travel from…”
https://t.co/dzi03Hnyhg
— Elon Musk (@elonmusk)
September 22, 2024
Moreover, the already lucrative trade could see further gains, as TERMINUS experienced an additional 50.24% increase in the past 24 hours, bringing its current price to $0.387.
TERMINUS 1-day price chart. Source: Uniswap
### September’s Surge of Meme Coins
Despite the crypto market facing ‘The September Effect’ earlier in the month, which led to a temporary lull as investors anticipated the onset of ‘Uptober,’ the last 30 days have been ripe for major meme coin success stories. While the TERMINUS case stands out as the most remarkable, it isn’t alone in this wave of impressive gains. On September 23, Finbold reported a trader who swapped 6 Solana (SOL) for Moo Deng (MOODENG), transforming an $800 investment made on September 6 into $1.3 million in just two weeks.
Additionally, by mid-September, an investor who spent $16,550 on First Neiro (NEIRO) in early August saw returns totaling about $1.8 million. The meme coin trend has been vibrant throughout 2024, as illustrated by another trader who turned $650 into $67,000 in mid-August with Sundog (SUNDOG) and the brief yet remarkable success of Hawk Tuah (HAWKTUAH) in late June.
However, not all trades have met with success. One of the most significant failures of the year involved a $1 million investment in MBAPPE, which plummeted to just $9,000 in a mere hour.
