A crypto trader has achieved an extraordinary profit, turning a $118,000 investment into $1.66 million in just five minutes through a well-timed trade of $STAR10 the official memecoin of footballer Ronaldinho.
The trader initially purchased 19.32 million $STAR10 tokens using 190 BNB, which was worth approximately $118,000 at the time.
Within moments, the price of $STAR10 skyrocketed, allowing the trader to sell their holdings for 2,677 BNB, equivalent to $1.66 million.
The rapid gain of over $1.5 million has drawn immense attention from the crypto community, showcasing both the lucrative potential and the high-risk nature of trading highly volatile digital assets.
The success of this trade has sparked discussions about the unpredictable nature of memecoins, where fortunes can be made—or lost—in minutes.
$STAR10’s Price Surge Sparks Market Frenzy and Speculation
Brazilian football legend Ronaldinho has officially entered the cryptocurrency space with the launch of STAR10, a digital token built on the BNB Chain.
Announced via the official token website, STAR10 aims to bridge football and blockchain technology, offering holders exclusive access to challenges, rewards, and events.
The token has seen an explosive surge, skyrocketing by an unprecedented 213,240% within 24 hours to reach a price of $0.3684.
With a total supply of 1 billion tokens, STAR10 has recorded a staggering 24-hour trading volume of $34.45 million across 24,043 transactions.
The rapid appreciation has pushed its fully diluted valuation (FDV) to $367.95 million, despite the project being just nine hours old.
Liquidity currently stands at $26.78 million, with 7,710 holders actively trading the token. Buy orders significantly outpace sell orders (16,643 vs. 7,400), signaling strong investor interest.
However, the extreme volatility, driven by social media hype and market momentum, has raised concerns about the token’s long-term stability.
High-Stakes Trading: Massive Gains and Losses Across the Market
Beyond the remarkable $STAR10 trade, other crypto traders have also made significant moves in the market, with some earning millions while others suffer steep losses.
One insider reportedly made a staggering $4.94 million profit after spending just 48 BNB ($29,247) to acquire 20.79 million $STAR10 tokens.
The insider has since sold a small portion of their holdings, cashing in 54 BNB ($33,106) while still holding $4.93 million worth of $STAR10.
Meanwhile, another trader lost $10.39 million after a 50x leveraged Bitcoin (BTC) long position was liquidated on HyperLiquid, compounding losses with additional failed trades on HYPE and HFUN tokens.
These contrasting outcomes highlight the high-risk, high-reward nature of crypto trading, where fortunes can shift dramatically within minutes.
The Risks and Rewards of Trading Volatile Crypto Assets
While the story of the $STAR10 trader turning $118K into $1.66M is inspiring, it also serves as a reminder of the dangers associated with highly speculative trading.
Many traders attempt to replicate such successes, but the reality is that mistimed entries and exits can result in substantial losses.
Factors such as liquidity, market slippage, and unexpected price crashes can quickly erode potential profits.
Additionally, market manipulation and insider activity remain concerns, as sudden price spikes often lead to “pump and dump” scenarios where latecomers are left holding worthless tokens.
As the memecoin market continues to evolve, traders must approach these opportunities with caution, using risk management strategies to protect their investments.
Market Trends: Profitable Trades, Liquidations, and the Changing Crypto Landscape
The broader crypto market continues to see major trading activity, with both enormous gains and painful losses shaping investor sentiment.
A top trader recently offloaded $7.53 million in $TRUMP tokens after securing $6.03 million in profits, with the potential to reach $13.56 million if they sell their remaining holdings.
Meanwhile, another trader who made $2.9 million from a $TRUMP trade suffered a devastating $1.8 million loss on $CAR, a token that collapsed by 96% within 24 hours.
These extreme market movements highlight the ongoing volatility in the crypto space, where success depends on a combination of strategy, timing, and risk tolerance.
As traders continue to seek opportunities, the market remains a battlefield of rapid gains, heavy losses, and ever-changing dynamics.
Also Read: Crypto Trader Faces $1M Loss In Hours After Opening $2.5M $BERA Memecoin Long Position