cryptd.in

암호화폐 친화적인 인재를 위한 대체 링크드인

Diamond Hand Trader Pocketed Over $1.7 Million by Dealing With This Meme Coin: Here’s How

-

by

in

TL;DR

A trader bought 170.2 billion PEPE coins last October and sold them on July 25 for $1.97 million, making a $1.77 million profit.
Other meme coin traders have also seen massive gains, but investing in these volatile assets can be risky and lead to significant losses.

The Impressive Profit

Meme coins have the ability to experience a substantial price increase in a short period of time, thus benefiting savvy traders who picked the right time to enter the ecosystem. A typical example of such a token is Pepe (PEPE), whose valuation is up almost 800% on a yearly scale. 

The crypto analytics platform Lookonchain revealed the case of one trader who purchased 170.2 billion PEPE coins at the end of October last year.

They kept the stash untouched for the following months before selling it for 1.97 million in USDC earlier this week (July 25). The return on investment (ROI) is impressive at 886%, while the total profit is a whopping $1.77 million. 

The selling included two transactions. The trader first swapped a little over 100 billion PEPE for $1.16 million in USDC and then converted the remaining tokens for $812,000 worth of the stablecoin.

Some X users commenting below the post described the move as a wise decision. Others, though, noted that the profit would have been much more substantial had the trader cashed out two months ago.

Back then, PEPE’s price reached an all-time high of around $0.00001699, while currently, it trades at $0.00001171 (CoinGecko’s data), representing a 30% decline.

Other Meme Coin Millionaires

그리고 aforementioned PEPE trader is one of many to see their initial investment rise above $1 million. An industry participant who bought more than 48 billion SHIB tokens in January 2021 for 2 ETH (worth only $2,700 at the time) sold the holdings for over 280 ETH in May this year, or over $1.2 million. 

Another spent just $310 at the end of 2023 to accumulate approximately 2.5 million dogwifhat (WIF) coins. 그리고 trader will make a whopping profit of more than $6 million should they decide to cash out. 

Despite seeming like a great investment option and a dreamy way to become rich in a short period of time, dealing with meme coins could also be quite dangerous and lead to devastating financial losses. This is based on their infamous volatility and the fact that some of them have questionable use cases and are centered on specific trends that sooner or later go away. 

Those about to jump on the bandwagon should conduct proper research beforehand and invest only as much as they are ready to lose. For more vital tips, please take a look at our dedicated video below:

 

게시물 Diamond Hand Trader Pocketed Over $1.7 Million by Dealing With This Meme Coin: Here’s How 에 처음 등장 크립토포테이토.

댓글

답글 남기기

이메일 주소는 공개되지 않습니다. 필수 필드는 *로 표시됩니다

최신 피드

인기 카테고리

ko_KR 한국어
ko_KR 한국어 en_US English ro_RO Română et Eesti ja 日本語 ru_RU Русский de_DE Deutsch es_ES Español zh_CN 简体中文 fr_FR Français zh_TW 繁體中文 pt_PT Português it_IT Italiano pl_PL Polski tr_TR Türkçe nl_NL Nederlands id_ID Bahasa Indonesia el Ελληνικά uk Українська bg_BG Български cs_CZ Čeština fi Suomi hu_HU Magyar lv Latviešu valoda lt_LT Lietuvių kalba nb_NO Norsk bokmål sk_SK Slovenčina sl_SI Slovenščina sv_SE Svenska

웹사이트 검색

인기 스토리

태그

#AlexeyPertsev (1) #BidenCryptoBan (1) #BidenElection (1) #BinanceVsCoinbase (1) #B비트코인 (458) #BitcoinETF (3) #B비트코인기초 (1) #B비트코인 취급 (1) #B비트코인가격 (5) #B비트코인가격수준 (1) #B비트코인펌프 (1) #B비트코인예치 (1) #B비트코인서지 (1) #BitcoinTop (1) #Bitfinex (1) #B비트 단위 (1) #브레이스브리지캐피털 (1) #BRC20토큰 (1) #BTC취득 (1) #B울리스틱 예측 (1) #BullishSentiment (1) #C중국광업 (1) #CPIP리뷰 (1) #CryptoAsset (2) #CryptoBattle (1) #CryptoBoom (1) #CryptoExpert (1) #CryptoInsights (1) #CryptoMania (1) #CryptoMarket (4) #CryptoPrediction (1) #CryptoPredictions (1) #CryptoRegulation (2) #CryptoTakeoff (1) #CryptoTiming (1) #CryptoTips (1) #CryptoTreasury (1) #CryptoUncertainty (1) #DerivativeJump (1) #Dogecoin (74) #DogecoinGains (1) #DogecoinVolume (1) #DutchCourt (2) #ECommerce (1) 1TP5테엘살바도르비트코인 (1) 1TP5테더리움 (74) 1TP5테더리움통증 (1) 1TP5테더리움가격 (1) 1TP5전문가 의견 (1) #FedRateCut (1) #FiatCurrency (1) #FinancialImpact (1) #FinancialPrivacy (1) #FirmShutdown (1) #FrozenAccounts (1) #IllicitFunds (1) #인플레이션데이터 (1) #투자 (1) #투자손실 (1) #일본기업 (1) #LegalAction (1) #LegalImpact (1) #법률 (1) #라이트닝 네트워크 (1) 1TP5시장분석 (3) 1TP5시장 모니터링 (1) 1TP5시장 예측 (1) 1TP5시장 예측 (1) #MarketProjection (1) 1TP5마켓지원 (1) 1TP5시장변동성 (1) #M결혼 (1) #MemeCoin (5) #MemeCoins (2) #M광부수익성 (1) #MoneyLaundering (2) #MtGox (4) 1TP5북한암호화 (1) 1TP5노보그라츠예측 (1) #P가격 마일스톤 (1) #P가격 예측 (2) #P가격 질문 (1) #PriceSurge (1) #P형량 (1) #QuantAnalysis (1) 1TP5규제압력 (1) #SEC안티크립토 (1) #ShibaInu (6) #SocialBuzz (1) 1TP5기술분석 (1) #Toncoin (3) #TornadoCash (3) #TornadoCashDev (1) 1TP5토네이도캐시개발자 (1) #UKCrypto (1) #업사이드 잠재력 (1) #USCongress (1) #와이오밍랜드 (1) #XRP가격 (1) #XRP업스윙 (1)

유용한 링크

유용하다고 생각되어 공유하고 싶은 링크.