The cryptocurrency market has hundreds of tales about investors going from rags to riches in a short period. One such latest story came out this week, where a trader made life-changing gains with just a single token. The investment was minimal, and the gains turned out to be maximum.

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Cryptocurrency: $3,000 Turns Into $2 Million

An unidentified cryptocurrency trader invested $3,060 worth of BNB tokens on the Binance Smart Chain network. The trader then swapped the BNB tokens to purchase a newly launched token called $4 (yes, that’s the name of the token), which is trading on the PancakeSwap dex.

The anonymous cryptocurrency trader got to accumulate 6.86 million tokens of $4 for a price $3,000. The $4 token skyrocketed on the dex platform, and the investor strategically sold 5.12 million $4 tokens. It is not known if the trader is an insider, or is a part of the $4 team, or is a regular investor who turned lucky.

Lookonchain was the first to dish out the cryptocurrency transaction by taking data from Dexscreener. “This trader turned $3K into $2M, a 652x return! Trader spent BNB ($3,060) to buy 16.86M $4, then sold 5.12M $4 for 110 BNB ($118.7K), with 11.75M $4 ($1.88M) left. Total profit: ~$2M!”

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The trader netted around $2 million through the $4 token and still holds 1.74 million tokens in his wallet. The remaining 1.74 million tokens are now worth another $1.88 million. The investor is yet to jump ship and book profits. It is not known if he intends to keep it for the long term or plans to sell the cryptocurrency this week.

While the cryptocurrency market has hundreds of tales about normal investors turning millionaires, it also has stories of thousands of traders losing money. The ratio between making money and losing money is wide and glaring.