{"id":3917,"date":"2024-07-28T16:16:48","date_gmt":"2024-07-28T16:16:48","guid":{"rendered":"https:\/\/cryptd.in\/diamond-hand-trader-pocketed-over-1-7-million-by-dealing-with-this-meme-coin-heres-how\/"},"modified":"2024-07-28T16:16:48","modified_gmt":"2024-07-28T16:16:48","slug":"diamond-hand-trader-pocketed-over-1-7-million-by-dealing-with-this-meme-coin-heres-how","status":"publish","type":"post","link":"https:\/\/cryptd.in\/uk\/diamond-hand-trader-pocketed-over-1-7-million-by-dealing-with-this-meme-coin-heres-how\/","title":{"rendered":"Diamond Hand Trader Pocketed Over $1.7 Million by Dealing With This Meme Coin: Here\u2019s How"},"content":{"rendered":"

TL;DR<\/strong><\/p>\n

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.
\nOther meme coin traders have also seen massive gains, but investing in these volatile assets can be risky and lead to significant losses.<\/p>\n

<\/a><\/span><\/h2>\n

The Impressive Profit<\/h2>\n

Meme coins <\/span>have the ability to<\/span> experience a substantial price increase in a short <\/span>period of<\/span> time<\/span>, thus benefiting savvy traders who picked the right time to enter the ecosystem.<\/span> A typical example of such a token\u00a0is Pepe (PEPE), whose valuation is up almost 800% on a yearly scale.\u00a0<\/span><\/p>\n

The crypto analytics platform Lookonchain <\/span>revealed<\/span><\/a> the case of one trader who purchased 170.2 billion PEPE coins at the end of October last year.<\/span><\/p>\n

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.\u00a0<\/span><\/p>\n

The selling included two transactions. <\/span>The trader first<\/span> 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.<\/span><\/p>\n

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

Back then, PEPE\u2019s price reached an all-time high of around $0.00001699, while currently, it trades at $0.00001171 (CoinGecko\u2019s data), representing a 30% decline.<\/span><\/p>\n

Other Meme Coin Millionaires<\/span><\/h2>\n

\u0423 \"The <\/span>aforementioned PEPE<\/span> 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 <\/span>at the time<\/span>) <\/span>sold<\/span><\/a> the holdings for over 280 ETH in May this year, or over $1.2 million.\u00a0<\/span><\/p>\n

Another <\/span>spent<\/span><\/a> just $310 at the end of 2023 to accumulate approximately 2.5 million <\/span>dogwifhat<\/span> (WIF) coins. <\/span>\u0423 \"The<\/span> trader will make a whopping profit of more than $6 million\u00a0<\/span>should they decide to cash out<\/span>.<\/span>\u00a0<\/span><\/p>\n

Despite seeming like a great investment option and a dreamy way to become rich <\/span>in a short <\/span>period of time<\/span>, dealing with meme coins could also be quite dangerous and lead to devastating financial losses.<\/span> \u0426\u0435<\/span> is based<\/span> on their infamous volatility and the fact that some of them have questionable use cases and <\/span>are centered<\/span> on specific trends that sooner or later go away.\u00a0<\/span><\/p>\n

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:<\/span><\/p>\n\n

<\/div>\n

\u00a0<\/p>\n

\u041f\u043e\u0441\u0442 Diamond Hand Trader Pocketed Over $1.7 Million by Dealing With This Meme Coin: Here\u2019s How<\/a> \u0432\u043f\u0435\u0440\u0448\u0435 \u0437'\u044f\u0432\u0438\u043b\u0430\u0441\u044f \u043d\u0430 CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

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 […]<\/p>\n","protected":false},"author":0,"featured_media":3918,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3917","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-feeds"],"yoast_head":"\nDiamond Hand Trader Pocketed Over $1.7 Million by Dealing With This Meme Coin: Here\u2019s How - cryptd.in<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptd.in\/uk\/diamond-hand-trader-pocketed-over-1-7-million-by-dealing-with-this-meme-coin-heres-how\/\" \/>\n<meta property=\"og:locale\" content=\"uk_UA\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Diamond Hand Trader Pocketed Over $1.7 Million by Dealing With This Meme Coin: Here\u2019s How - cryptd.in\" \/>\n<meta property=\"og:description\" content=\"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 […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptd.in\/uk\/diamond-hand-trader-pocketed-over-1-7-million-by-dealing-with-this-meme-coin-heres-how\/\" \/>\n<meta property=\"og:site_name\" content=\"cryptd.in\" \/>\n<meta property=\"article:published_time\" content=\"2024-07-28T16:16:48+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"\u041f\u0440\u0438\u0431\u043b. \u0447\u0430\u0441 \u0447\u0438\u0442\u0430\u043d\u043d\u044f\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 \u0445\u0432\u0438\u043b\u0438\u043d\u0438\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/cryptd.in\\\/diamond-hand-trader-pocketed-over-1-7-million-by-dealing-with-this-meme-coin-heres-how\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/cryptd.in\\\/diamond-hand-trader-pocketed-over-1-7-million-by-dealing-with-this-meme-coin-heres-how\\\/\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"Diamond Hand Trader Pocketed Over $1.7 Million by Dealing With This Meme Coin: Here\u2019s How\",\"datePublished\":\"2024-07-28T16:16:48+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/cryptd.in\\\/diamond-hand-trader-pocketed-over-1-7-million-by-dealing-with-this-meme-coin-heres-how\\\/\"},\"wordCount\":460,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/cryptd.in\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/cryptd.in\\\/diamond-hand-trader-pocketed-over-1-7-million-by-dealing-with-this-meme-coin-heres-how\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cryptd.in\\\/wp-content\\\/uploads\\\/2024\\\/07\\\/PEPE_CB-7-kzJPCU.jpeg\",\"articleSection\":[\"Feeds\"],\"inLanguage\":\"uk\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/cryptd.in\\\/diamond-hand-trader-pocketed-over-1-7-million-by-dealing-with-this-meme-coin-heres-how\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/cryptd.in\\\/diamond-hand-trader-pocketed-over-1-7-million-by-dealing-with-this-meme-coin-heres-how\\\/\",\"url\":\"https:\\\/\\\/cryptd.in\\\/diamond-hand-trader-pocketed-over-1-7-million-by-dealing-with-this-meme-coin-heres-how\\\/\",\"name\":\"Diamond Hand Trader Pocketed Over $1.7 Million by Dealing With This Meme Coin: Here\u2019s How - cryptd.in\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/cryptd.in\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/cryptd.in\\\/diamond-hand-trader-pocketed-over-1-7-million-by-dealing-with-this-meme-coin-heres-how\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/cryptd.in\\\/diamond-hand-trader-pocketed-over-1-7-million-by-dealing-with-this-meme-coin-heres-how\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cryptd.in\\\/wp-content\\\/uploads\\\/2024\\\/07\\\/PEPE_CB-7-kzJPCU.jpeg\",\"datePublished\":\"2024-07-28T16:16:48+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/cryptd.in\\\/diamond-hand-trader-pocketed-over-1-7-million-by-dealing-with-this-meme-coin-heres-how\\\/#breadcrumb\"},\"inLanguage\":\"uk\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/cryptd.in\\\/diamond-hand-trader-pocketed-over-1-7-million-by-dealing-with-this-meme-coin-heres-how\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"uk\",\"@id\":\"https:\\\/\\\/cryptd.in\\\/diamond-hand-trader-pocketed-over-1-7-million-by-dealing-with-this-meme-coin-heres-how\\\/#primaryimage\",\"url\":\"https:\\\/\\\/cryptd.in\\\/wp-content\\\/uploads\\\/2024\\\/07\\\/PEPE_CB-7-kzJPCU.jpeg\",\"contentUrl\":\"https:\\\/\\\/cryptd.in\\\/wp-content\\\/uploads\\\/2024\\\/07\\\/PEPE_CB-7-kzJPCU.jpeg\",\"width\":1201,\"height\":720},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/cryptd.in\\\/diamond-hand-trader-pocketed-over-1-7-million-by-dealing-with-this-meme-coin-heres-how\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/cryptd.in\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Diamond Hand Trader Pocketed Over $1.7 Million by Dealing With This Meme Coin: Here\u2019s How\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/cryptd.in\\\/#website\",\"url\":\"https:\\\/\\\/cryptd.in\\\/\",\"name\":\"cryptd.in\",\"description\":\"Alternative LinkedIn for Crypto-friendly Talents\",\"publisher\":{\"@id\":\"https:\\\/\\\/cryptd.in\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/cryptd.in\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"uk\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/cryptd.in\\\/#organization\",\"name\":\"cryptd.in\",\"url\":\"https:\\\/\\\/cryptd.in\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"uk\",\"@id\":\"https:\\\/\\\/cryptd.in\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/cryptd.in\\\/wp-content\\\/uploads\\\/2024\\\/05\\\/cryptdin_logo.jpg\",\"contentUrl\":\"https:\\\/\\\/cryptd.in\\\/wp-content\\\/uploads\\\/2024\\\/05\\\/cryptdin_logo.jpg\",\"width\":900,\"height\":900,\"caption\":\"cryptd.in\"},\"image\":{\"@id\":\"https:\\\/\\\/cryptd.in\\\/#\\\/schema\\\/logo\\\/image\\\/\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Diamond Hand Trader Pocketed Over $1.7 Million by Dealing With This Meme Coin: Here\u2019s How - cryptd.in","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/cryptd.in\/uk\/diamond-hand-trader-pocketed-over-1-7-million-by-dealing-with-this-meme-coin-heres-how\/","og_locale":"uk_UA","og_type":"article","og_title":"Diamond Hand Trader Pocketed Over $1.7 Million by Dealing With This Meme Coin: Here\u2019s How - cryptd.in","og_description":"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 […]","og_url":"https:\/\/cryptd.in\/uk\/diamond-hand-trader-pocketed-over-1-7-million-by-dealing-with-this-meme-coin-heres-how\/","og_site_name":"cryptd.in","article_published_time":"2024-07-28T16:16:48+00:00","twitter_card":"summary_large_image","twitter_misc":{"\u041f\u0440\u0438\u0431\u043b. \u0447\u0430\u0441 \u0447\u0438\u0442\u0430\u043d\u043d\u044f":"2 \u0445\u0432\u0438\u043b\u0438\u043d\u0438"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/cryptd.in\/diamond-hand-trader-pocketed-over-1-7-million-by-dealing-with-this-meme-coin-heres-how\/#article","isPartOf":{"@id":"https:\/\/cryptd.in\/diamond-hand-trader-pocketed-over-1-7-million-by-dealing-with-this-meme-coin-heres-how\/"},"author":{"name":"","@id":""},"headline":"Diamond Hand Trader Pocketed Over $1.7 Million by Dealing With This Meme Coin: Here\u2019s How","datePublished":"2024-07-28T16:16:48+00:00","mainEntityOfPage":{"@id":"https:\/\/cryptd.in\/diamond-hand-trader-pocketed-over-1-7-million-by-dealing-with-this-meme-coin-heres-how\/"},"wordCount":460,"commentCount":0,"publisher":{"@id":"https:\/\/cryptd.in\/#organization"},"image":{"@id":"https:\/\/cryptd.in\/diamond-hand-trader-pocketed-over-1-7-million-by-dealing-with-this-meme-coin-heres-how\/#primaryimage"},"thumbnailUrl":"https:\/\/cryptd.in\/wp-content\/uploads\/2024\/07\/PEPE_CB-7-kzJPCU.jpeg","articleSection":["Feeds"],"inLanguage":"uk","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/cryptd.in\/diamond-hand-trader-pocketed-over-1-7-million-by-dealing-with-this-meme-coin-heres-how\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/cryptd.in\/diamond-hand-trader-pocketed-over-1-7-million-by-dealing-with-this-meme-coin-heres-how\/","url":"https:\/\/cryptd.in\/diamond-hand-trader-pocketed-over-1-7-million-by-dealing-with-this-meme-coin-heres-how\/","name":"Diamond Hand Trader Pocketed Over $1.7 Million by Dealing With This Meme Coin: Here\u2019s How - cryptd.in","isPartOf":{"@id":"https:\/\/cryptd.in\/#website"},"primaryImageOfPage":{"@id":"https:\/\/cryptd.in\/diamond-hand-trader-pocketed-over-1-7-million-by-dealing-with-this-meme-coin-heres-how\/#primaryimage"},"image":{"@id":"https:\/\/cryptd.in\/diamond-hand-trader-pocketed-over-1-7-million-by-dealing-with-this-meme-coin-heres-how\/#primaryimage"},"thumbnailUrl":"https:\/\/cryptd.in\/wp-content\/uploads\/2024\/07\/PEPE_CB-7-kzJPCU.jpeg","datePublished":"2024-07-28T16:16:48+00:00","breadcrumb":{"@id":"https:\/\/cryptd.in\/diamond-hand-trader-pocketed-over-1-7-million-by-dealing-with-this-meme-coin-heres-how\/#breadcrumb"},"inLanguage":"uk","potentialAction":[{"@type":"ReadAction","target":["https:\/\/cryptd.in\/diamond-hand-trader-pocketed-over-1-7-million-by-dealing-with-this-meme-coin-heres-how\/"]}]},{"@type":"ImageObject","inLanguage":"uk","@id":"https:\/\/cryptd.in\/diamond-hand-trader-pocketed-over-1-7-million-by-dealing-with-this-meme-coin-heres-how\/#primaryimage","url":"https:\/\/cryptd.in\/wp-content\/uploads\/2024\/07\/PEPE_CB-7-kzJPCU.jpeg","contentUrl":"https:\/\/cryptd.in\/wp-content\/uploads\/2024\/07\/PEPE_CB-7-kzJPCU.jpeg","width":1201,"height":720},{"@type":"BreadcrumbList","@id":"https:\/\/cryptd.in\/diamond-hand-trader-pocketed-over-1-7-million-by-dealing-with-this-meme-coin-heres-how\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/cryptd.in\/"},{"@type":"ListItem","position":2,"name":"Diamond Hand Trader Pocketed Over $1.7 Million by Dealing With This Meme Coin: Here\u2019s How"}]},{"@type":"WebSite","@id":"https:\/\/cryptd.in\/#website","url":"https:\/\/cryptd.in\/","name":"cryptd.in","description":"\u0410\u043b\u044c\u0442\u0435\u0440\u043d\u0430\u0442\u0438\u0432\u043d\u0438\u0439 LinkedIn \u0434\u043b\u044f \u043a\u0440\u0438\u043f\u0442\u043e-\u0434\u0440\u0443\u0436\u043d\u0456\u0445 \u0442\u0430\u043b\u0430\u043d\u0442\u0456\u0432","publisher":{"@id":"https:\/\/cryptd.in\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/cryptd.in\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"uk"},{"@type":"Organization","@id":"https:\/\/cryptd.in\/#organization","name":"cryptd.in","url":"https:\/\/cryptd.in\/","logo":{"@type":"ImageObject","inLanguage":"uk","@id":"https:\/\/cryptd.in\/#\/schema\/logo\/image\/","url":"https:\/\/cryptd.in\/wp-content\/uploads\/2024\/05\/cryptdin_logo.jpg","contentUrl":"https:\/\/cryptd.in\/wp-content\/uploads\/2024\/05\/cryptdin_logo.jpg","width":900,"height":900,"caption":"cryptd.in"},"image":{"@id":"https:\/\/cryptd.in\/#\/schema\/logo\/image\/"}}]}},"_links":{"self":[{"href":"https:\/\/cryptd.in\/uk\/wp-json\/wp\/v2\/posts\/3917","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptd.in\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptd.in\/uk\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptd.in\/uk\/wp-json\/wp\/v2\/comments?post=3917"}],"version-history":[{"count":0,"href":"https:\/\/cryptd.in\/uk\/wp-json\/wp\/v2\/posts\/3917\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptd.in\/uk\/wp-json\/wp\/v2\/media\/3918"}],"wp:attachment":[{"href":"https:\/\/cryptd.in\/uk\/wp-json\/wp\/v2\/media?parent=3917"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptd.in\/uk\/wp-json\/wp\/v2\/categories?post=3917"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptd.in\/uk\/wp-json\/wp\/v2\/tags?post=3917"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}