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 <p class="is-style-lead">An unknown user purchased the Coq Inu tokens (COQ) for $454, which grew more than 4,800 times in two weeks.</p>
 <p>According to Lookonchain data, the investor exchanged 17.26 Avalanche (AVAX) to buy 4.86 trillion COQ <a rel="noopener noreferrer nofollow" title="tokens" href="https://thebittimes.com/tag/tokens.html">tokens</a>. He used seven different addresses to make the purchase.</p>
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    <p lang="en" dir="ltr">A trader <a rel="noopener noreferrer nofollow" title="turned" href="https://thebittimes.com/tag/turned.html">turned</a> $454 into $2.19M in 2 <a rel="noopener noreferrer nofollow" title="weeks" href="https://thebittimes.com/tag/weeks.html">weeks</a> by trading $COQ, a gain of 4827x!<br><br>This trader spent 17.26 $AVAX($454) to buy 4.86T $COQ through 7 addresses, then sold 4.61T $COQ for 32,251 $AVAX($1.26M) and 259K $USDC.<br><br>Currently holding 250B $COQ($700K), the profit is ~$2.19M. pic.twitter.com/arsaX6Uey8</p>— Lookonchain (@lookonchain) December 19, 2023
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 <p>After a meteoric rise, the user sold most COQ <a rel="noopener noreferrer nofollow" title="tokens" href="https://thebittimes.com/tag/tokens.html">tokens</a>, 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.</p>
 <p>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%.</p>
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   <img decoding="async" width="1024" height="515" src="https://cdn.thebittimes.com/images/2023/12/19/d4c92e7012299e2295065cc6a09863ed.webp" alt="User turned $454 of COQ tokens to $2.19m in two weeks - 1"> 
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   Source: CoinMarketCap
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 <p>Before this, another trader earned over $1.5 million on memcoin on the Solana network. He invested approximately $226,000 in Dogwifhat (WIF).</p>
 <p>The rise in prices over the past few <a rel="noopener noreferrer nofollow" title="weeks" href="https://thebittimes.com/tag/weeks.html">weeks</a> shows that meme coins are gaining momentum again. Top projects such as Dogecoin (DOGE) and Shiba Inu (SHIB) hint that the bear market may soon be ending. Some analysts are also optimistic on Dogecoin’s prospects. Myles G believes the coin remains in an uptrend and is breaking out to higher levels.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/user-turned-454-of-coq-tokens-to-2-19m-in-two-weeks-tbt74165.html">https://thebittimes.com/user-turned-454-of-coq-tokens-to-2-19m-in-two-weeks-tbt74165.html</a></p>

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

TheBitTimes

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