An address that once recorded a 1600% return on Robinhood has shifted to Elysium, bought MONTRA, and exited with a profit.
November 11, according to GMGN monitoring, the address tagged as "PikachusPlace" on the platform previously traded STONKBANKERS on the Robinhood chain, investing approximately $932 including buy fees, and after liquidating the position, netted about $14,900, a return rate of approximately 1603%.
Yesterday morning, after the token MONTRA launched on the Elysium chain token issuance platform, the address bought approximately 28.5178 million tokens at an average price of about $0.0001304 (corresponding to a market cap of about $130,400). The transaction amount was approximately $3,719, plus approximately $14,700 in buy-related fees, for a total investment of approximately $18,400.
Subsequently, the address fully liquidated the position through 29 sell orders, taking only about 20 minutes from purchase to exit. After deducting sell fees, it recovered approximately $84,700, netting about $66,200, a return rate of approximately 360%.
However, MONTRA currently has a market cap of approximately $6.66 million, making it the largest token by market cap on that chain. If all the initially purchased tokens had been held until now, the profit would have reached $173,200, a return rate of approximately 940%.
note: Meme coin trading is extremely volatile, relying heavily on market sentiment and concept speculation, with no actual value or use case. Investors should be aware of the risks.