A recent report from Lookonchain, a platform that tracks cryptocurrency transactions, has shed light on the impressive trading gains of a crypto enthusiast who made over $2 million by trading meme-inspired cryptocurrencies. According to the analysis, the investor bought MANEKI for 300 SOL, equivalent to $45.6K, and sold it for 2,462 SOL, fetching $381K. The most profitable venture was with BOME, which brought in a hefty return of 6,495 SOL, valued at $1.23M.

The investor seized the opportunity to acquire 3,000 SOL worth of BOME from a decentralized exchange (DEX) when Binance announced its listing. Swiftly, the tokens were deposited on Binance for profitable liquidation. Currently, BOME is trading at $0.010281, marking a 21% increase in price for the month, with 15 days showing positive price movements over the last 30 days.

However, not all trades were successful for the meme coin investor. Succumbing to FOMO, he invested 100 SOL in ANSOM at inflated prices, resulting in a loss when he sold it later. Despite ANSOM's recent rally, which saw a 232.4% increase over the last intraday trading session, it later dipped by 82.51%, trading at $0.0006257.

Despite the setbacks, the investor's strategic investments in tokens like BOME, SLERF, and MANEKI proved to be profitable, even though his overall success rate remains below 33%. Over five months, he traded around 60 coins, showcasing a mix of wins and losses.

In conclusion, while navigating the volatile world of meme-inspired cryptocurrencies, this investor managed to secure significant profits through strategic trading decisions, despite encountering occasional setbacks along the way.