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

[_act_]

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.

If we are investing in any crypto project and are able to hold, it will always pays than when we just go on short on them, however this may also be deeply determined by the kind of coin or token we are going for, because holding some crypto could just amount to a waste of time and we may ended losing all most everything after the long awaiting for the investment to be profitable.

[LogitechMouse]

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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 risk is bigger than the rewards for me hence, I'm not investing that much money on these meme coins.

Meme coins in general especially those low market cap ones surely is a crazy type of investment to begin with. I mean it's a gamble in the first place. It's either you will make money from it, or you will lose it all. I also tried investing into a low market cap meme coin in the past and ended up losing all of the money. To investors out there that wants to risk their money and invest into meme coins, make sure that you're ready just in case the worst thing happens and you ended up losing all of your money. There might be one or two investors out there that made millions of money investing into meme coins, but think of how many investors also lost their money.

The world of meme coin surely is crazy. For me, it's a hit-or-miss type of investment. It's either you will make x100 (more or less), or you will lose all of your money. Always be ready.

[royalRitta]

If we are investing in any crypto project and are able to hold, it will always pays than when we just go on short on them, however this may also be deeply determined by the kind of coin or token we are going for, because holding some crypto could just amount to a waste of time and we may ended losing all most everything after the long awaiting for the investment to be profitable.

Usually, memes go up if the community is FOMOing it through the degen trenches, however, it's like tossing a coin - sometimes you win, and sometimes the people and the whales just bump the coin down into the ground 

[kai]

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!!

LOL . I've been waiting for your answer like this since yesterday, this is really a real joke.

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.

You are an experienced member who also can't know which coin will be able to increase in price more than 10x or more. The problem of price in cryptocurrency is that experienced and inexperienced can't predict the price. It seems that my observation also needs to be expanded if I want to play Meme coins.

[yhiaali3]

You are an experienced member who also can't know which coin will be able to increase in price more than 10x or more. The problem of price in cryptocurrency is that experienced and inexperienced can't predict the price. It seems that my observation also needs to be expanded if I want to play Meme coins.

Meme coins are unpredictable, they don't have any project and don't offer any solutions and most of them don't have a clear roadmap or other information like valuable coins, so I don't expect there is anything to study or do further research on.

Meme coins depend on pump and dump as well as influencers who promote the coin, so the only indicator of a meme's rise could be if an influential celebrity buys or promotes it, then you could find a pump of tens or hundreds of times.

[TomPluz]

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

Since Bitcoin and other top coins could not anymore make people so rich with such a small capital, many are turning to memecoins hoping for one that can make x100 and even more than x1000 along the way. And certainly, we witnessed many inspiring stories akin to winning a lottery. And these are providing the energy and inspiration for people to continue hoping that their memecoins would be soon skyrocket in value and give them the financial windfall they are looking for. Of course, just like gambling, there will be other faceless and nameless people who are left not getting the success they are hoping for. How I wish that I bought TRUMP too when it was not yet pricy as it is today since I am now a big fan of DJT...am sure that if the man would come out as the winner by Nov 5 this memecoin can even grow more solidly.

[kai]

You are an experienced member who also can't know which coin will be able to increase in price more than 10x or more. The problem of price in cryptocurrency is that experienced and inexperienced can't predict the price. It seems that my observation also needs to be expanded if I want to play Meme coins.

Meme coins are unpredictable, they don't have any project and don't offer any solutions and most of them don't have a clear roadmap or other information like valuable coins, so I don't expect there is anything to study or do further research on.

Meme coins depend on pump and dump as well as influencers who promote the coin, so the only indicator of a meme's rise could be if an influential celebrity buys or promotes it, then you could find a pump of tens or hundreds of times.

In addition to the celebrity factor, I think famous people also have a big influence on Meme coins to pump, such as Elon Musk or Donald Trump. I often read topics or news about Elon Musk who tweeted about Doge coins which eventually rose to several hundred percent and unfortunately at that time I didn't know about cryptocurrency. Do you know other than Elon Musk and Donald Trump, famous people who promote Meme coins?

[Mr. Magkaisa]

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 think it seems like the right time to buy a meme coin that is new in this field of the industry that we belong to. Because I have seen many times that many people who have earned a large amount in less than 2 weeks suddenly became rich because of the meme coin, just like Bome in less than 2 weeks the size of his price value increased and he immediately got a high that market cap.

Then I also saw meme coins that after only 1 week were listed on the exchanges, the size of the price increase in the market was also high and the market cap was also high, so that means the investors who bought in that Gambling at low cost and small capital was also worth it for them, what else is that? It's still a bear market.

[yhiaali3]

How I wish that I bought TRUMP too when it was not yet pricy as it is today since I am now a big fan of DJT...am sure that if the man would come out as the winner by Nov 5 this memecoin can even grow more solidly.

If you are a fan of US President Trump and missed out on the chance to profit from Trump Token then you probably don’t want to miss out on another opportunity from the WLFI token backed by Trump and his family:

World Liberty Financial Project Auction
Despite the illiquid nature of the WLFI project, the project’s auction started on October 15, 2024 on the Ethereum mainnet with moderate success. There are a total of 20 billion tokens for sale in this round (20% of the total supply), and they can be purchased with USDC, USDT, and ETH. Currently, 926 million tokens have been sold, raising a total of about $14 million so far.

https://www.coingecko.com/learn/what-is-world-liberty-financial-donald-trump-s-crypto-project

I expect its price to be around $0.015 now, who knows, maybe it will rise like Trump’s coin too!!!
This is not a buying advice of course, but if you like gambling you can try your luck here.

[LogitechMouse]

You are an experienced member who also can't know which coin will be able to increase in price more than 10x or more. The problem of price in cryptocurrency is that experienced and inexperienced can't predict the price. It seems that my observation also needs to be expanded if I want to play Meme coins.

Meme coins are unpredictable, they don't have any project and don't offer any solutions and most of them don't have a clear roadmap or other information like valuable coins, so I don't expect there is anything to study or do further research on.

Meme coins depend on pump and dump as well as influencers who promote the coin, so the only indicator of a meme's rise could be if an influential celebrity buys or promotes it, then you could find a pump of tens or hundreds of times.

Just to add on how unpredictable meme coins are, just look at PEPE. This is what's been on their website: LINK

$PEPE is a meme coin with no intrinsic value or expectation of financial return. There is no formal team or roadmap. the coin is completely useless and for entertainment purposes only.

If that's a different project, many already called it as a scam because all or most of the red flags are there already and yet, it's on the top 29 in terms of market cap right now. This is a perfect representation of how meme coins are unpredictable.

Meme coins can make you a millionaire or a broke in just a matter of days or weeks or even years in this case. There's no indication of a meme coin to be a successful one and even though famous influencers promote it, there's no certainty that it will be a successful project.

[yhiaali3]

Just to add on how unpredictable meme coins are, just look at PEPE. This is what's been on their website: LINK

$PEPE is a meme coin with no intrinsic value or expectation of financial return. There is no formal team or roadmap. the coin is completely useless and for entertainment purposes only.

If that's a different project, many already called it as a scam because all or most of the red flags are there already and yet, it's on the top 29 in terms of market cap right now. This is a perfect representation of how meme coins are unpredictable.

Meme coins can make you a millionaire or a broke in just a matter of days or weeks or even years in this case. There's no indication of a meme coin to be a successful one and even though famous influencers promote it, there's no certainty that it will be a successful project.

Thank you for this useful addition about PEPE
Yes this is exactly what I was talking about, this is a perfect example about meme coins as you mentioned all the red flags are there and yet it ranks high in the market and most of the big guys and whales buy it.

As for promoting influencers it does not necessarily lead to the success of the project but often people who are influenced by them rush to buy the meme like crazy which leads to its explosion. But in the end it is just a stroke of luck.

[vegasus]

I think this news is very interesting and makes people, especially beginners, much more FOMO to be concerned about meme coins. Well, actually, how someone can turn that small amount into a very big amount in meme coin trading is inseparable from the efforts and various calculations and analyses that he has done so far. He must have understood the best gap to get profit from investing or trading in meme coins, especially in coins that are currently hyped so that the profit can really multiply.

I think he's great because not everyone is able to do it and understand the best tactics. This is not just a matter of luck, but indeed expertise must be possessed when you want to trade in meme coins which are indeed high risks but high returns.

The problem is that sometimes other people think it's quite easy and FOMO, in the end because they don't understand the meme coins market cycle, they actually don't get profits but instead experience losses continuously.

[_act_]

All these we are seeing aren't what that just comes up withing just a little time frame, this is what we have been seeing from as many related projects whereby some are making it from them while some are not, but as i do say, everything have to depend on season and ones luck in doing them, it may apply on us the same and exact way it does on others because we all have our own season and opportunity timing different from others.

[MRY]

All these we are seeing aren't what that just comes up withing just a little time frame, this is what we have been seeing from as many related projects whereby some are making it from them while some are not, but as i do say, everything have to depend on season and ones luck in doing them, it may apply on us the same and exact way it does on others because we all have our own season and opportunity timing different from others.

Indeed, profit in investment is not expressed within a few years but after a process that may take many years in a given project. Many grow to the top, and some may face challenges, all as they should at the right time and right opportunity of everyone.

If you have your own time and opportunities and they are different, that is your business. By understanding this, we make ourselves more specific and set ourselves in a position to receive what comes our way in its due time.

[Fivestar4everMVP]

Investing in memecoin is like gambling, playing slot games, completely a game of luck, because we can assume that this dudes did a good research before investing in this aforementioned meme coins, but at such an early stage, what is there to really search about? So it's a big risk they took (possibly with an amount of money they can comfortably afford to loose anyway) and luckily, it paid off for them.

Like I did have said above, memecoins are like playing Slot games in gambling, they are the easiest way to make a huge life changing money in crypto, but also on the other hand, one of the easiest ways to lose money as well.
But one thing and way to really win in meme coin is to find them really early, finding and investing in memecoin really early is the secret key to a life of financial freedom, but also very risky, I guess it's all about the higher the risk, the higher the reward.