Frog

Pepe

Turbo

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	<p>As the non-fungible token (NFT) market continues to thrive, meme coins are gaining traction, sparking a new trend known as &#8220;meme coin season.&#8221; The growing popularity of these digital assets has caught the attention of NFT influencers, who are increasingly participating in the meme coin market.</p>
<p class="my-0.5">A recent analysis by <a href="https://twitter.com/lookonchain/status/1658089349651763200" rel="nofollow noopener" target="_blank">LookOnChain</a>, a leading blockchain analytics platform, has shed light on the profits and losses experienced by eight prominent NFT influencers involved in trading meme coins.</p>
<p class="my-0.5"><a href="https://crypto.ro/en/education/best-crypto-to-buy-now/#what-are-meme-crypto-coins">Meme coins</a> are cryptocurrencies inspired by internet memes and often have little to no underlying utility. However, they have gained significant value due to their viral nature and community-driven appeal. While not directly related to NFTs, meme coins are part of the broader digital asset ecosystem that includes NFTs, cryptocurrencies, and other blockchain-based assets.</p>
<p>The LookOnChain study revealed that four out of the eight influencers made a <a href="https://crypto.ro/en/news/crypto-whales-behind-shib-and-pepe/">profit on meme coins</a>, suggesting that trading these coins can be risky.</p>
<p>https://twitter.com/lookonchain/status/1658089349651763200</p>
<p>The more meme coins an influencer traded, the higher the likelihood of losing money. However, some influencers bucked this trend, achieving impressive profits.</p>
<p>Two meme coins that have recently gained prominence in the market are PEPE and TURBO.</p>
<h2 id="profits-with-pepe-coin">Profits with PEPE coin</h2>
<p><a href="https://crypto.ro/en/news/pepe-token-sees-303-weekly-growth-becomes-top-100-cryptocurrency/">PEPE</a>, a meme coin inspired by the popular Pepe the Frog internet meme, has attracted the attention of several NFT influencers.</p>
<p>Vince Van Dough, for example, spent 90 <a href="https://crypto.ro/en/cryptocurrencies/ethereum/">ETH</a> (approximately $167K) to purchase 96 billion <a href="https://crypto.ro/en/cryptocurrencies/pepe/">PEPE</a> coins. When he later sold 90 billion of those coins, he netted a profit of around $18K.</p>
<p>Another influencer, Ohhshiny, invested 326 ETH (approximately $610K) into 700.66 billion PEPE coins, later selling a large portion of them for 496 ETH (roughly $956K). The total profit from this transaction amounted to a significant $731K.</p>
<p>Similarly, ColeThereum traded 18 meme coins and lost a total of $3,365. The influencer only saw profits on six coins &#8211; with a win rate of 33%.</p>
<h2 id="profits-with-turbo-coin">Profits with Turbo coin</h2>
<p><a href="https://crypto.ro/en/cryptocurrencies/turbo/">TURBO</a>, another popular meme coin that was recently launched by a digital artist with the assistance of <a href="https://crypto.ro/en/news/elon-musk-criticizes-chatgpt-and-introduces-truthgpt-a-new-transparent-ai-model/">Chat GPT</a>, has also generated profits for some influencers.</p>
<p>For instance, the NFT influencer Zeneca saw a profitable return on his investment in TURBO. He initially invested 16.5 ETH, equivalent to $31K, purchasing 60 million TURBO coins. With TURBO&#8217;s current Zeneca has realized a profit of $14K.</p>
<p>On the other hand, Dingalingts spent around $50K on <a href="https://crypto.ro/en/cryptocurrencies/fourcoin/">FOUR</a>, THEND, TURBO, and <a href="https://crypto.ro/en/cryptocurrencies/cope/">COPE</a>, only making money on TURBO.</p>
<h2 id="losses-in-meme-coin-investments">Losses in meme coin investments</h2>
<p>However, not all influencers enjoyed such success. Machibigbrother, who invested 258 ETH (around $471K) into PEPE coins, is currently experiencing a loss, given the current price of PEPE. The influencer ended up losing a total of $20,425 in the process.</p>
<p>BoredGenius also found himself in the red, losing approximately $7,199 from trading in seven different meme coins, resulting in a win rate of 29%</p>
<p>These findings illustrate the unpredictable nature of the meme coin market and the importance of carefully selecting trading strategies.</p>
<p>While some NFT influencers have managed to profit from their investments, others have experienced losses, highlighting the potential risks and rewards associated with meme coin trading.</p>

NFT influencers’ PEPE and TURBO profits and losses exposed

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