A cryptocurrency trader has turned a $3,800 investment in the Boner Coin (BONER) meme coin into more than $1 million in realized and unrealized gains.
The trader began accumulating BONER about seven weeks ago when the token’s market capitalization was just $47,800.
Across 19 purchases totaling $3,800, the position generated a return of roughly 272x, according to data from on-chain analytics platform Arkham shared on October 6.
At its peak, the holdings were worth about $1.38 million. Arkham data shows the trader has already realized $351,600 in profits while retaining BONER holdings valued at approximately $676,500.
The wallet’s portfolio remains heavily…
