A trader recently made headlines by securing a staggering 261-fold profit from the meme coin ANSEM. On June 28, this investor initially put in $2,330 to acquire 14.2 million ANSEM tokens, which analysts now value at around $614,500.

The trader subsequently sold 4.2 million ANSEM for $68,100, while still retaining 10 million ANSEM in their wallet, estimated to be worth about $548,800 at the current market price.