A crypto trader achieved an extraordinary 713x return by converting approximately $2,972 into more than $2.1 million within just 12 hours. According to on-chain analytics account Lookonchain, the trader's success centered on MEME, a token on Robinhood Chain inspired by the stock of AMC Entertainment. The trade represents one of the most significant single-day crypto profits in recent trading history.
The trader's approach involved acquiring 16.11 million MEME tokens for approximately $2,972, as reported by Lookonchain. The wallet address, beginning with 0xc740, was identified as only 21 days old and had previously traded just 8 tokens before this major transaction. The trader had already realized some profit by selling 750,000 tokens for roughly $85,300, while the remaining 15.36 million tokens were valued at approximately $2.03 million at the time of the report.
The token's dramatic price movement was triggered by controversy surrounding Robinhood's tokenized stock service. According to GMGN data cited by Odaily, the platform's stock-token DEX had surpassed $3 billion in trading volume across 63 days, offering tokenized exposure to more than 190 companies, including AMC. AMC CEO Adam Aron publicly objected to the arrangement, calling it contemptible, outrageous, and disgusting, with outside securities counsel reviewing the matter. This backlash sparked a community meme reinterpreting the ticker AMC as 'A Meme Coin,' which quickly gave rise to MEME itself.
As an event-driven meme coin tied to an unfolding public dispute, MEME surged more than 3,100x within a single day, according to GMGN data cited by Odaily, pushing its market capitalization above $60 million. However, analysts noted the token could remain highly volatile as the Robinhood-AMC conflict continues playing out. The crypto community generally views outcomes like this as rare exceptions, with Lookonchain describing the trader as 'so lucky,' reflecting how such windfalls remain genuinely rare in the crypto market.
