Jeo Boden

Joe Biden

Million

Shiba Inu

Coin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/investor-turns-13000-into-over-2-million-with-new-meme-coin/" rel="noopener noreferrer nofollow">Investor Turns $13,000 into Over $2 Million with New Meme Coin</a><br></p>
<p style="text-align: justify">Developments in the <a href="https://en.coin-turk.com/impressive-growth-for-meme-token-bome-and-its-impact-on-solana/" rel="noopener noreferrer nofollow">memecoin</a> projects within the crypto market continue to make headlines. Accordingly, a crypto investor managed to turn $13,000 into over $2 million, a gain of 15,700%, by investing in a new memecoin project called <strong>donotfomoew’e</strong> (MOEW) presented on the Layer-2 network Base on April 3rd.</p>
<h2 class="p1" style="text-align: justify" id="another-investor-becomes-a-millionaire">Another Investor Becomes a Millionaire</h2>
<p style="text-align: justify">As revealed by blockchain data analytics firm <strong>Lookonchain</strong>, the investor initially purchased 499.9 million MOEW tokens with an investment of 4 <a href="https://coin-turk.com/dex-borsa-nasil-kullanilir" rel="noopener noreferrer nofollow">Ethereum</a> just 10 minutes after MOEW tokens were listed on decentralized exchanges (<a href="https://coin-turk.com/dex-borsa-nasil-kullanilir" rel="noopener noreferrer nofollow">DEX</a>). Less than an hour later, the investor sold 111.65 million MOEW for 99 <a href="https://en.coin-turk.com/low-volatility-in-may-takes-its-toll-prospects-for-bitcoin-and-ethereum-in-june/" rel="noopener noreferrer nofollow">Ethereum</a>, worth $328,000, and currently holds 388.24 million MOEW valued at $1.76 million as of the time this article was written.</p>
<p style="text-align: justify">The cat-themed <strong>MOEW</strong> meme token was introduced to the market early in the day by Bitget Wallet, and its developers stated that MOEW was just for fun, not a serious venture, and they wanted to see what meme culture could achieve. Shortly after being launched on DEXs, the MOEW token gained value and currently has a market cap of $31 million. In response to the price movement, Bitget Wallet developers wrote a follow-up message to users advising not to buy and to avoid FOMO, adding:</p>
<blockquote>
 <p style="text-align: justify">“Please remember that 50% of the MOEW token is allocated for adding to the liquidity pool, and the other 50% is reserved for airdrop distribution! Bitget Wallet does not hold any tokens.”</p>
</blockquote>
<p><img loading="lazy" src="https://coin-turk.com/wp-content/uploads/2024/04/bitget-wallet.webp" alt="" width="500" height="627"></p>
<h2 class="p1" style="text-align: justify" id="what-s-happening-in-the-memecoin-space">What’s Happening in the Memecoin Space?</h2>
<p style="text-align: justify">During the ongoing airdrop, which is available to users with enough BWB points for the exchange wallet’s <strong>BWB</strong> token airdrop event, over 8,000 addresses received MOEW tokens. Over a six-week period, users were able to earn BWB points redeemable for upcoming BWB tokens in the second quarter by holding balances in Bitget Wallet or performing in-app cross-chain swaps.</p>
<p style="text-align: justify">Both old memecoin projects like <a href="https://coin-turk.com/dogecoinin-rakibi-shiba-coin-listeleme-haberiyle-hedefine-kosuyor" rel="noopener noreferrer nofollow">Dogecoin</a> and <a href="https://en.coin-turk.com/shib-price-analysis-will-shib-prepare-for-a-new-decline/" rel="noopener noreferrer nofollow">Shiba</a> Inu as well as new memecoin projects launched on Solana and Base have gained significant value as part of the ongoing bull market. One such token, a Solana memecoin parody of United States President Joe Biden named Jeo Boden <strong>(BODEN)</strong>, surpassed a market value of $250 million. Earlier in the week, a Solana memecoin project by Taiwanese music celebrity Machi Big Brother saw wild price movements after a $40 million presale.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/investor-turns-13000-into-over-2-million-with-new-meme-coin/" rel="noopener noreferrer nofollow">Investor Turns $13,000 into Over $2 Million with New Meme Coin</a></h5>

Investor Turns $13,000 into Over $2 Million with New Meme Coin

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