2024

Memecoin

Million

<p>The post <a href="https://coinpedia.org/news/dengen-memecoin-meteoric-surge-trader-turns-18000-to-5-million/">DENGEN Memecoin Meteoric Surge: Trader Turns $18,000 to $5 Million</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>2024 has been nothing short of a wild ride in the crypto world! It’s been a whirlwind of excitement, from Bitcoin smashing through record highs to major institutions diving headfirst into the crypto craze. But let’s not overlook the fun part – meme coins craze! They’ve taken the internet by storm, and one standout is the DEGEN coin.</p> 
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   <p lang="en" dir="ltr">In the past 24h, Memecoin DEGEN on the Base chain rose by more than 24% to a record high of $0.06. The address of 1confirmation holds 1,848,296,798 DEGEN, with a value close to $100 million. 1confirmation completed the lead investment in DEGEN on February 21 this year and…</p>— Wu Blockchain (@WuBlockchain) <a href="https://twitter.com/WuBlockchain/status/1774632426167492682?ref_src=twsrc%5Etfw">April 1, 2024</a>
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<p>The DEGEN coin <a href="https://x.com/WuBlockchain/status/1774632426167492682?s=20">soared </a>to new heights with a jaw-dropping 100X return potential. Over the past 24 hours, DEGEN on the Base chain skyrocketed by a whopping 24% to hit an all-time high of $0.06. </p> 
<p><a href="https://basescan.org/token/0x4ed4E862860beD51a9570b96d89aF5E1B0Efefed?a=0x7d00d30269fc62ab5fab54418feedbdc71fdb25f">one address</a>, known as 1confirmation, owns a staggering 1,848,296,798 DEGEN, valued at almost $100 million. They put in 435 ETH in February, now worth nearly 100 times more. These tokens will be unlocked between August 2024 and February 2026.</p> 
<p>Also Check Out The : <a href="https://coinpedia.org/news/taiwanese-singer-raises-195000-solana-worth-36m-for-his-new-memecoin/">Taiwanese Singer Raises 195,000 Solana Worth $36M For His New Memecoin</a></p> 
<h2 class="wp-block-heading" id="h-talk-about-hitting-the-jackpot-step-in-nbsp"><strong>Talk about hitting the jackpot! Step in.&nbsp;</strong></h2> 
<p>This surge is a sign of the bullish adoption of DEGEN within the Base ecosystem, where it has become a prominent vehicle for fundraising activities. Just last month, DEGEN successfully secured $1.5 million in grants, further solidifying its position as a promising project within the crypto space.&nbsp;</p> 
<p>DEGEN has joined the meme coin craze, riding the wave of popularity that has seen these digital assets soar in value. With meme tokens collectively worth a whopping $70.4 billion, DEGEN’s surge highlights its success and shows how meme coins are becoming a big deal in the bull market.&nbsp;</p> 
<p>Also Check Out The : </p> 
<h2 class="wp-block-heading" id="h-degen-millionaires"><strong>DEGEN Millionaires</strong></h2> 
<p>According to Lookonchain analysis, these incredible gains were made by a smart trader who turned a mere $18,000 investment into a staggering $5 million windfall, achieving a remarkable 27,677% increase. In January, this trader invested 7.35 ETH ($18,000) in Degen (DEGEN) and acquired 260 million DEGEN tokens. </p> 
<p>Subsequently, they sold 102.5 million DEGEN for 1.26 million USDC, holding onto the remaining 157.5 million DEGEN tokens, now valued at $3.75 million. </p> 
<p>Despite DEGEN’s modest market capitalization of $328.57 million, its current trading price of $0.0258 reflects a 2.69% increase in the past 24 hours. This part of the token will be released from August 12, 2024, until February 12, 2026.</p> 
<p>Lookonchain also noted how an early Ethereum investor made significant profits by selling a large amount of ETH. They sold 17,770 ETH for 62.24 million DAI at $3,503 on March 27th. This investor had accumulated 14,280 ETH at an average price of around $182 between March 2017 and April 2021, costing them $2.6 million. </p> 
<p>With this sale, they gained $59 million, marking a 23x return on their investment. Currently, Ethereum is trading at $3,511, reflecting a 1.50% decrease in the last 24 hours.</p> 
<p>Read More : <a href="https://coinpedia.org/news/aprils-unlock-saga-analyzing-the-impact-of-token-releases-on-crypto/">April’s Unlock Saga: Analyzing the Impact of Token Releases on Crypto</a></p>

DENGEN Memecoin Meteoric Surge: Trader Turns $18,000 to $5 Million

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