2024

Million

Base

Parallel

Coin

<a href="https://bitcoinworld.co.in/crypto-trader-turns-13k-into-over-2-million-from-moew-meme-coin/" title="Crypto Trader Turns $13K Into Over $2 Million From MOEW Meme Coin" rel="noopener noreferrer nofollow"></a>
<ul>
 <li style="font-weight: 400">A crypto trader managed to profit $2 million from an initial investment of $13K in MOEW meme coin, representing a gain of 15,700%.</li>
</ul>
A crypto trader managed to profit $2 million from an initial investment of $13,000, representing a gain of 15,700%.&nbsp;
The trader achieved this remarkable return by trading in a meme coin called Donotfomoew (MOEW), minted on the Base blockchain.
According to blockchain analytics firm <a href="https://twitter.com/lookonchain/status/1775507347034734871" rel="noopener noreferrer nofollow">Lookonchain</a>, the trader with the wallet ‘0x74C’ purchased 499.9 million MOEW, equivalent to 4 Ether (ETH), just 10 minutes after the coin was listed on decentralized exchanges (DEXs).&nbsp;
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 In less than 1 hour, this guy turned $13K into $2M, a gain of 158x!
 He spotted <a href="https://twitter.com/search?q=%24MOEW&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$MOEW</a> 10 minutes after opening trading and spent 4 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ETH</a>($13K) to buy 499.9M <a href="https://twitter.com/search?q=%24MOEW&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$MOEW</a>.
 Then he sold 111.65M <a href="https://twitter.com/search?q=%24MOEW&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$MOEW</a> for 99 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ETH</a>($328K).
 He currently holds 388.24M <a href="https://twitter.com/search?q=%24MOEW&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$MOEW</a>, worth $1.76M.… <a href="https://t.co/DFRGOYh8ZM" rel="noopener noreferrer nofollow">pic.twitter.com/DFRGOYh8ZM</a>
 — Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1775507347034734871?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">April 3, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
Within an hour, the trader sold 111.65 million MOEW for 99 ETH, valuing at $328,000. ‘0x74C’ has since sold the remaining of their MOEW holdings, cashing in the gains.
See Also: <a class="row-title" href="https://bitcoinworld.co.in/parallel-studios-secures-35m-in-funding-for-ethereum-nft-game-parallel-and-ai-powered-colony/" aria-label="“Parallel Studios Secures $35M in Funding for Ethereum NFT Game Parallel and AI-Powered Colony” (Edit)" rel="noopener noreferrer nofollow">Parallel Studios Secures $35M in Funding for Ethereum NFT Game Parallel and AI-Powered Colony</a>
The cat-themed MOEW meme token was introduced by Bitget Wallet, which emphasized that the memecoin was created purely to explore the potential of memes.&nbsp;
However, shortly after its debut on DEXs, MOEW experienced a surge in value, reaching a market cap high of $53 million.&nbsp;
In response to the price surge, Bitget Wallet cautioned users against buying, stating that 50% of MOEW is allocated for LP addition (permanent lock), while the other 50% is set aside for airdrop distribution. Bitget Wallet assured users that they do not retain any tokens.
More than 8,000 addresses have received MOEW tokens through the ongoing airdrop, which is available to users who held sufficient BWB points for the exchange wallet’s BWB token airdrop.&nbsp;
Users earned BWB points over a six-week period by maintaining balances in Bitget Wallet or conducting in-app cross-chain swaps. These points can be exchanged for upcoming BWB tokens in Q2.
<blockquote>
 Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
</blockquote>
#Binance #WRITE2EARN
The post <a href="https://bitcoinworld.co.in/crypto-trader-turns-13k-into-over-2-million-from-moew-meme-coin/" rel="noopener noreferrer nofollow">Crypto Trader Turns $13K Into Over $2 Million From MOEW Meme Coin</a> appeared first on <a href="https://bitcoinworld.co.in" rel="noopener noreferrer nofollow">BitcoinWorld</a>.

Crypto Trader Turns $13K Into Over $2 Million From MOEW Meme Coin

ItsBitcoinWorld

Other articles published on Apr 5, 2024

Ethereum Price Faces Stiff Resistance in Market Fluctuations

Fake Token Mimicking Ethena Labs’s ENA Causes $290,000 Loss in Binance Exploit

XRP Price Prediction: XRP Climbs 2% As Ripple Plans USD Stablecoin And Traders Turn To This Green...

IOTA and Abu Dhabi: Will the IOTA Price Explode?

DeFi Stars: 3 Decentralized Finance Tokens That Could 10x Your Portfolio

Shiba Inu (SHIB) Spotlights Listing On Nexo, SHIB Price To Rally?

Join our free newsletter for daily crypto updates!