Meme Coin Madness: Trader Turned $96 Into Over $3 Million in 1 Year

[yhiaali3]

The blockchain analytics platform Lookonchain revealed the case of one such person who purchased over 600,000 TRUMP tokens in August last year. The asset (linked to presidential candidate Donald Trump) was worth less than $0.01 at the time, and the trader accumulated the stash for a mere $96.

However, the meme coin’s value exploded in the following months, benefiting those who entered the ecosystem in the early days.

Several hours ago, the aforementioned trader sold 6,000 TRUMP for approximately $30,000. They now have 594,564 tokens left, meaning they sit on a paper profit of a whopping $3.06 million.

https://cryptopotato.com/meme-coin-madness-this-trader-turned-96-into-over-3-million-in-1-year/

The world of meme coins is a really crazy world, this is not the first story about meme traders getting rich, as there was previously the story of dogwifhat (WIF) where a trader was able to buy 2.58 million coins for $310, which then led to a profit of $6.7 million.

Also Shiba Inu (SHIB) is another story, as a trader invested $2,500 in buying 50 billion coins in 2021, to make huge profits worth millions, I also remember that there was a story about a PEPE millionaire.

But let's not forget at the same time that there are dozens and perhaps hundreds who lost their money because of meme coins.

[libert19]

But let's not forget at the same time that there are dozens and perhaps hundreds who lost their money because of meme coins.

You are being generous with dozens/hundreds.

But, don't you think memecoins are worth it to gamble on if one has money to spare? Imagine purchasing $100*$100 memecoins, and if luck strikes even on one of these, you'll make a bank.

[gunhell16]

The blockchain analytics platform Lookonchain revealed the case of one such person who purchased over 600,000 TRUMP tokens in August last year. The asset (linked to presidential candidate Donald Trump) was worth less than $0.01 at the time, and the trader accumulated the stash for a mere $96.

However, the meme coin’s value exploded in the following months, benefiting those who entered the ecosystem in the early days.

Several hours ago, the aforementioned trader sold 6,000 TRUMP for approximately $30,000. They now have 594,564 tokens left, meaning they sit on a paper profit of a whopping $3.06 million.

https://cryptopotato.com/meme-coin-madness-this-trader-turned-96-into-over-3-million-in-1-year/

The world of meme coins is a really crazy world, this is not the first story about meme traders getting rich, as there was previously the story of dogwifhat (WIF) where a trader was able to buy 2.58 million coins for $310, which then led to a profit of $6.7 million.

Also Shiba Inu (SHIB) is another story, as a trader invested $2,500 in buying 50 billion coins in 2021, to make huge profits worth millions, I also remember that there was a story about a PEPE millionaire.

But let's not forget at the same time that there are dozens and perhaps hundreds who lost their money because of meme coins.

I remembered that Pepe coin less than a week ago that started in the crypto space, its price was still very cheap, but its market cap and volume in the market were already high. I was having second thoughts about whether to buy it because the hype was intense at that time.

Then after a couple of days I decided to buy a Pepe coin that I should have, when I saw in its price the size of the price increase I felt regret at that time, but even so, even though I was late, here it is I already have holdings of these pepe coins to be honest. So it can be said that many people can get rich from meme coins that have potential in the market.

[Stompix]

The math is off!
The price was $0.007792 at launch on August 23rd, so if he had bought at a minimum he would have spent $4674, not $96 on it.
We're still looking at x600 gains but nothing close to 30000x, but common, who buys $5000 of meme coins at their launch before anyone else, the developers themselves lol! 

[royalRitta]

The math is off!
The price was $0.007792 at launch on August 23rd, so if he had bought at a minimum he would have spent $4674, not $96 on it.
We're still looking at x600 gains but nothing close to 30000x, but common, who buys $5000 of meme coins at their launch before anyone else, the developers themselves lol! 

That at least sounds logical, however, it's still a gamble of sorts.
Even a 100x is just insane when put into the perspective 

[yhiaali3]

The math is off!
The price was $0.007792 at launch on August 23rd, so if he had bought at a minimum he would have spent $4674, not $96 on it.
We're still looking at x600 gains but nothing close to 30000x, but common, who buys $5000 of meme coins at their launch before anyone else, the developers themselves lol! 

Yes, that's right, The math is off.

As the news says the price is $0.01 so he must have spent $6,000 to buy 600,000 tokens, but that's usually news sites like to exaggerate to attract attention and get more visits to increase profits.

But anyway it's still very good to get $3.06 million from $6,000 or $4,674.

[kai]

The math is off!
The price was $0.007792 at launch on August 23rd, so if he had bought at a minimum he would have spent $4674, not $96 on it.
We're still looking at x600 gains but nothing close to 30000x, but common, who buys $5000 of meme coins at their launch before anyone else, the developers themselves lol! 

....
But anyway it's still very good to get $3.06 million from $6,000 or $4,674.

The initial capital was around 6,000 dollars and made a profit of around 3 million dollars. This is beyond my reasoning and if that person was in the country I live in then it is certain that the person would retire early and save his money in a local bank to get an APY of 3% while staying at home and doing activities without having to think about other jobs.
Btw, if you have information about Meme coins that will increase more than 100x next year, please provide the information in this thread. My calculation is if I have a capital of 100 dollars and can make a profit of 100x, the result is 10,000 dollars, a lot of value mate!

[bitterguy28]

The world of meme coins is a really crazy world, this is not the first story about meme traders getting rich, as there was previously the story of dogwifhat (WIF) where a trader was able to buy 2.58 million coins for $310, which then led to a profit of $6.7 million.

Also Shiba Inu (SHIB) is another story, as a trader invested $2,500 in buying 50 billion coins in 2021, to make huge profits worth millions, I also remember that there was a story about a PEPE millionaire.

But let's not forget at the same time that there are dozens and perhaps hundreds who lost their money because of meme coins.

the thing is if you can't afford to take the risk, you probably won't end up like these guys mentioned i mean who would buy a token that does not seem to have that much potential and risk basically wasting your money? i will tell you who

its rich people who can buy hundreds of dollars worth of memecoins without being afraid that you are never going to gain back your money so as much as i will commend these people for making the right decision investing in the right memecoin and capitalizing on the opportunity a lot of it has something to do with luck as well and not a lot of us will experience this much luck in a lifetime

[luckyledger]

The world of meme coins is a really crazy world, this is not the first story about meme traders getting rich, as there was previously the story of dogwifhat (WIF) where a trader was able to buy 2.58 million coins for $310, which then led to a profit of $6.7 million.

Also Shiba Inu (SHIB) is another story, as a trader invested $2,500 in buying 50 billion coins in 2021, to make huge profits worth millions, I also remember that there was a story about a PEPE millionaire.

But let's not forget at the same time that there are dozens and perhaps hundreds who lost their money because of meme coins.

the thing is if you can't afford to take the risk, you probably won't end up like these guys mentioned i mean who would buy a token that does not seem to have that much potential and risk basically wasting your money? i will tell you who

its rich people who can buy hundreds of dollars worth of memecoins without being afraid that you are never going to gain back your money so as much as i will commend these people for making the right decision investing in the right memecoin and capitalizing on the opportunity a lot of it has something to do with luck as well and not a lot of us will experience this much luck in a lifetime

For rich people without at least some analysis - it's a gamble they are willing to take and see how it goes.
For newbies - it's a graveyard for their initial capitals.

[libert19]

ts rich people who can buy hundreds of dollars worth of memecoins without being afraid that you are never going to gain back your money so as much as i will commend these people for making the right decision investing in the right memecoin and [capitalizing on the opportunity a lot of it has something to do with luck as well and not a lot of us will experience this much luck in a lifetime.

I disagree. Luck is synonymous with effort, the more effort you put, more luckier you get.

If you invest in plenty memecoins, you are bound to get lucky in few eventually, now it's different thing one may not be willing to gamble much money running after memecoins.

[luckyledger]

ts rich people who can buy hundreds of dollars worth of memecoins without being afraid that you are never going to gain back your money so as much as i will commend these people for making the right decision investing in the right memecoin and [capitalizing on the opportunity a lot of it has something to do with luck as well and not a lot of us will experience this much luck in a lifetime.

I disagree. Luck is synonymous with effort, the more effort you put, more luckier you get.

If you invest in plenty memecoins, you are bound to get lucky in few eventually, now it's different thing one may not be willing to gamble much money running after memecoins.

Yeah, it's more of a gamble then putting effort into it.
Yes, you would be in profit, but the question is how much from what you would lose in the end? 

[libert19]

ts rich people who can buy hundreds of dollars worth of memecoins without being afraid that you are never going to gain back your money so as much as i will commend these people for making the right decision investing in the right memecoin and [capitalizing on the opportunity a lot of it has something to do with luck as well and not a lot of us will experience this much luck in a lifetime.

I disagree. Luck is synonymous with effort, the more effort you put, more luckier you get.

If you invest in plenty memecoins, you are bound to get lucky in few eventually, now it's different thing one may not be willing to gamble much money running after memecoins.

Yeah, it's more of a gamble then putting effort into it.
Yes, you would be in profit, but the question is how much from what you would lose in the end? 

We hear stories of people making millions from their few hundred dollar memecoin investments. So, even if you lose few thousand K's chasing memecoins, losses wouldn't seem much when you have made it.

[yhiaali3]

Btw, if you have information about Meme coins that will increase more than 100x next year, please provide the information in this thread. My calculation is if I have a capital of 100 dollars and can make a profit of 100x, the result is 10,000 dollars, a lot of value mate!

If I had information about Meme Coins that will increase by more than 100x next year, I would have bought them before you!!

Nobody knows it's a matter of luck, even the coin team can't predict that its price will go up 100x or more, it's just a matter of luck and gambling you buy a coin that you think is good and can go up in the future then wait for your good luck.

[Stompix]

~

Yes, that's right, The math is off.

As the news says the price is $0.01 so he must have spent $6,000 to buy 600,000 tokens, but that's usually news sites like to exaggerate to attract attention and get more visits to increase profits.

And on top of that, you would have to have enough liquidity at that point so that the initial buy which was close to  2% of all coins not raise the price to nearly double or even triple a the time of the buy, imagine someone buying even 1% of all the bitcoins now, with this much liquidity!
I still believe that this was no sale and more a transfer of coins from the developers to their own wallets.

[Crypto Library]

When I saw your topic title on this memecoin board. As soon as I click on your topic I will say that "We should not only show the positive aspects of memecoin but also highlight its negative aspects.
But after visiting your thread I am seeing that you have already mentioned that. I yes I won't gonna be disagree with the news but I also saw that from a close person that he invested on meme-coin 2k dollar and he lost them within just a few days. And if we look around then we will find most of us losses more than profit. So I will suggest everyone don't just invest lots of money after seeing these kinds of new make small investment here.