FOMO

Coq Inu

Avalanche

In recent weeks, the crypto market has confused every trader and investor. Amid this ongoing confusion, a trader has garnered attention by making a substantial profit with just a small capital.&nbsp; Trader turns $454 into $2.19 million in two weeks 
According to a recent report by Lookonchain, an on-chain analytics firm, this trader turned $454 into a significant $2.19 million in just two weeks by trading Avalanche’s Coq Inu (COQ), stunning everyone as he gained 4827 times his initial capital. 
COQ is a hen-themed token, and in the last 30 days, it has shown an upside movement of over 800%. The token $COQ is explicitly labeled “for entertainment purposes only” by its developers. In simple terms, it’s a meme coin without any intrinsic value or anticipated financial gains. 
Also Read: <a href="https://news.todayq.com/avalanche-avax-gets-into-top-10-crypto-with-100-jump/">Avalanche (AVAX) gets into top 10 crypto, with 100% jump</a> 
Earlier, this trader spent 17.26 Avalanche’s AVAX, worth around $454, to buy 4.86 trillion COQ tokens through seven different addresses on December 7, 2023. After a massive surge in COQ, he sold 4.6 trillion COQ for 32,251 AVAX, which is worth around $1.26 million, and 259K USDC. 
A trader turned $454 into $2.19M in 2 weeks by trading Strategic trading: A calm amidst market confusion 
This showcases how this trader maintained calm in the confusing market sentiment amid the ongoing conversation between the Securities and Exchange Commission (SEC) and asset managers. 
Currently, this trader holds 250 billion COQ tokens worth around $700K, and the current profit is $2.19 million. This trader rode the COQ token in a way that everyone imagines to ride such a move in this highly volatile market. As of now, COQ is trading near $0.0000037, and in the last 24 hours, it experienced a significant 25% price surge. 
From mid-October to early December 2023, the crypto market soared, with <a href="https://news.todayq.com/bitcoin-price-surge-following-blackrocks-etf-amendment/">Bitcoin’s market cap</a> surging by 154%. Altcoins like Chainlink, Cardano, Solana, and XRP Ledger also experienced remarkable gains. However, as the year-end approaches, uncertainties loom.&nbsp; 
Despite earlier profits, a recent slowdown in trading volumes, particularly among top cryptocurrencies, suggests a waning FOMO trend. The hype that propelled prices to new heights may be subsiding, possibly due to a mix of fear and uncertainty among investors. The current situation prompts a closer look at key metrics for insights into the market’s direction. 
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COQ token turned this trader into a millionaire

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