1,600x Profit: A Trader Made $3.78 Million on Two Memecoins

Published: September 7, 2026 – 08:40 UTC

The trader spent around $21,000 buying the ZCAT and STONK memecoins.
As a result, he made $3.78 million in profit, Lookonchain reports.
An X user criticized experts for selectively highlighting such trades, which can trigger FOMO.

A trader made $3.78 million on two memecoins — ZCAT and STONK. Lookonchain analysts reported this.

What a legend!

This guy caught both $ZCAT and $STONK, making $3.78M in profit.$ZCAT: $2.17M profit — 1,626x return$STONK: $1.61M profit — 82x return

He spent just $1.3K to buy 24.52M $ZCAT, sold 8.96M $ZCAT for $55K, and still holds 15.57M $ZCAT($2.12M).

He spent $19.7K to… pic.twitter.com/j2UlkSgQ2f
— Lookonchain (@lookonchain) September 7, 2026

$2.17 million on ZCAT and $1.61 million on STONK

According to Lookonchain, the trader spent $1,300 to buy 24.52 million ZCAT. He later sold 8.96 million tokens for $55,000. Another 15.57 million ZCAT remained in his address. At the time of publication, they were worth about $2.12 million.

Lookonchain estimated the trader’s total profit from ZCAT trades at $2.17 million, with a return of 1,626x.

The trader spent another $19,700 to buy 44.43 million STONK. Of that amount, he sold 34.62 million tokens for $411,000. He still holds 9.8 million STONK worth about $1.22 million.

Lookonchain estimates profit from STONK trades at $1.61 million, with a return of 82x.

An X user criticized Lookonchain

X user Omega called the trader a “legend” and noted that turning small bets into millions resembles the ability to “read charts like code in the Matrix.”

At the same time, another participant in the discussion, using the pseudonym Dirk Crypto Diggy, criticized Lookonchain for presenting the data in a similar way.

In his view, the account selectively highlights individual successful trades, which can create FOMO and boost audience engagement.

The user urged Lookonchain to show the full activity history of such traders, including total profit, the number of addresses, and the likelihood that the successful buys are tied to insider trading rather than simply a well-timed early entry.

As a reminder, Incrypted has a Telegram channel about memecoins. To stay up to date with the latest developments in this space, subscribe to MEMEcrypted.

Previously, we reported that two traders earned a combined total of more than $3.3 million on the MEME memecoin in less than 12 hours.

Сообщение 1,600x Profit: A Trader Made $3.78 Million on Two Memecoins появились сначала на INCRYPTED.

Source: Incrypted