Solana

Coq Inu

Dogecoin

Shiba Inu

Avalanche

An unknown user purchased the Coq Inu tokens (COQ) for $454, which grew more than 4,800 times in two weeks. 
According to Lookonchain data, the investor exchanged 17.26 Avalanche (<a href="https://crypto.news/price/Avalanche/">AVAX</a>) to buy 4.86 trillion COQ tokens. He used seven different addresses to make the purchase. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 A trader turned $454 into $2.19M in 2 weeks by trading <a href="https://twitter.com/search?q=%24COQ&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$COQ</a>, a gain of 4827x! This trader spent 17.26 <a href="https://twitter.com/search?q=%24AVAX&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$AVAX</a>($454) to buy 4.86T <a href="https://twitter.com/search?q=%24COQ&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$COQ</a> through 7 addresses, then sold 4.61T <a href="https://twitter.com/search?q=%24COQ&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$COQ</a> for 32,251 <a href="https://twitter.com/search?q=%24AVAX&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$AVAX</a>($1.26M) and 259K <a href="https://twitter.com/search?q=%24USDC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$USDC</a>. Currently holding 250B <a href="https://twitter.com/search?q=%24COQ&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$COQ</a>($700K), the profit is ~$2.19M. <a href="https://t.co/arsaX6Uey8" target="_blank">pic.twitter.com/arsaX6Uey8</a>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1737026313389736016?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">December 19, 2023</a>
 </blockquote>
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
After a meteoric rise, the user sold most COQ tokens, receiving 32,251 AVAX and 259,000 USDC. He still holds about 250 billion COQ worth more than $700,000. Experts concluded that the trader earned approximately $2.19 million from this cryptocurrency. 
At the time of writing, the Coq Inu token is trading near $0.0000028, according to&nbsp;CoinMarketCap. Over the past 24 hours, the token has increased by almost 70%. Since its launch, the token has risen in price by 560%. 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="515" src="https://crypto.news/app/uploads/2023/12/Screenshot-2023-12-19-at-15.14.16-1024x515.png" alt="User turned $454 of COQ tokens to $2.19m in two weeks - 27" class="wp-image-14229343">
 <figcaption class="wp-element-caption">
 Source: CoinMarketCap
 </figcaption>
</figure> 
Before this, another trader earned over $1.5 million on memcoin on the Solana network. He invested approximately $226,000 in Dogwifhat (WIF). 
The rise in prices over the past few weeks shows that meme coins are gaining momentum again. Top projects such as Dogecoin (<a href="https://crypto.news/price/dogecoin/">DOGE</a>) and Shiba Inu (<a href="https://crypto.news/price/shiba-inu/">SHIB</a>) hint that the bear market may soon be ending. Some analysts are also optimistic on Dogecoin’s prospects. Myles G <a href="https://crypto.news/analyst-gives-optimistic-outlook-on-dogecoin/">believes</a> the coin remains in an uptrend and is breaking out to higher levels. 
 Read more: <a href="https://crypto.news/investor-optimism-fuels-meme-coins-growth-predictions-and-market-analysis/"> Investor optimism fuels meme coins growth: predictions and market analysis </a>

User turned $454 of COQ tokens to $2.19m in two weeks

crypto.news

Other articles published on Dec 19, 2023

FTX and Bahamian liquidators agree on creditor payout plan

Experts Claim 98.7% Chance of Bitcoin ETF Approval; But Why is Wall Street Cautious?

From Bucket to Bullish, STX Emerges from Altcoin Powerhouse

The Future of AI – Bill Gates’ Optimism Sheds Light on Innovation and Global Impact

FTT spikes 25% as FTX debtors secure Global Settlement

How Blockchain and IoT Are Transforming Vital Industries

Join our free newsletter for daily crypto updates!