A trader known for making over $12 million from meme coins has now placed a bet on GhostwareOS (GHOST), a cryptocurrency centered around privacy.
This investment occurs at a time when there is an increasing emphasis on privacy-oriented technologies in the crypto space. Recently, the privacy coin segment has experienced significant growth, with a market cap reaching $14.5 billion.
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High-Profile Trader Supports New Privacy Coin
Recent data from Lookonchain reveals that the trader, who goes by the name “LeBron,” earned millions from various coins this year. In February, the blockchain analytics company pointed out that the trader had made over $12 million from PolitiFi meme coins.
This included $8.9 million from Melania Meme (MELANIA) and $3.2 million from Official Trump (TRUMP). Additionally, he earned $4.56 million from LIBRA and $1 million from Harry Bōlz (HARRYBOLZ), which surged following Elon Musk’s name change on X (formerly Twitter).
Currently, the trader has invested 102 Solana (SOL), amounting to about $18,300, to acquire 2.9 million GHOST tokens.
GhostWare promotes itself as a platform designed for “total invisibility.” It provides a decentralized framework that anonymizes user activities across communications, wallets, and identity layers through tools such as GhostMask (alias management), GhostScrub (on-chain trace cleaning), and GhostRelay (encrypted communication relays).
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Its native token, GHOST, is a newcomer in the market but has emerged as the leading daily gainer among privacy coins on CoinGecko. The token has surged nearly 24% over the past 24 hours.
Additionally, it reached an all-time high of $0.015 during early Asian trading hours today before settling at a value of $0.013 at press time.
The introduction of GHOST coincides with a rising interest in privacy within the cryptocurrency realm. BeInCrypto has reported that privacy tokens have outperformed all other sectors this year, with ZCash (ZEC) leading the charge with significant gains. This uptick in interest has fostered positive sentiment for GHOST.
“Very bullish on GHOST. Privacy could be the next trillion-dollar meta. Every major voice is echoing the same sentiment: privacy = the next 1000x. The team behind this project is credible and robust,” Altcoin Gordon wrote.
Another well-known cryptocurrency trader remarked that privacy is a key narrative where innovation remains underdeveloped. This trader anticipates renewed activity within the Solana ecosystem if market conditions improve later in the year, which may benefit GHOST.
“Ghost appears poised to be the next Solana runner,” he added.
For GHOST, the promising price movements and community backing indicate a strong initial reception. However, its lasting impact will depend on GhostWare’s capability to transition from temporary excitement to genuine user adoption within Solana’s competitive landscape.
