Solana Whale Reaches $3.78 Million with $21,000 Purchase: One Transaction Delivered 1,626x Return

Lookonchain reported that two altcoin purchases totaling approximately $21,000 have reached a result of $3.78 million, including sales and remaining tokens.

The transactions consist of the total from sales following the ZCAT and STONK purchases, along with the balances held in the wallet. Therefore, the disclosed $3.78 million figure is not considered entirely realized cash profit. Lookonchain associated the movements with a wallet on Solana.

The whale spent only $1,300 to buy 24.52 million ZCAT tokens. Later, they sold 8.96 million ZCAT for $55,000. The value of the 15.57 million ZCAT remaining in the wallet was shown as approximately $2.12 million. The source calculated a 1,626x return on this transaction.

ZCAT and STONK balances are worth millions of dollars

The initial cost for the STONK transaction was $19,700. After purchasing 44.43 million STONK, the whale sold 34.62 million of it for $411,000. The value of the 9.8 million STONK held in the wallet is around $1.22 million. The reported return for this transaction was 82x.

The Solscan screen shows that approximately 15.56 million ZCAT and 9.8 million STONK are being held in the wallet. The total value of these balances reaches approximately $3.34 million.

Thus, the approximately $466,000 in sales revenue from the transactions is included in the $3.78 million total result reported by the source, along with the value of the tokens remaining in the wallet.