"A kid created a token on Solana, scammed everyone live by dumping his bag for $30,000, and called it a day. But by morning, the tokens he sold were worth $4M—130x more than what he cashed out for!"
Sounds like his stunt (live rug pull) made headlines, causing massive viral interest in the token. In other words, if he had not done his rug pull, it would have gone nowhere. So he didn't miss out on $4M at all.
Sure, degen trading is very crazy and with high risk but also very profitable is one knows his onions and strategy. I have seen many make from $17 way to over $100k in few hours.
Let keep all hands cross and watch the altcoin move.
I have seen someone use lotto to turn $1 into $1million in just a few minutes!
Sure but the chance making sure amount in lotto is very slim. But with degen trading it happens very frequent just that the volatility is very high.