DeFi

when

Coin

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/investor-secures-major-profit-from-meme-coin" data-wpel-link="internal" rel="noopener noreferrer nofollow">Investor Secures Major Profit from Meme Coin</a><br></p>
<p style="text-align: justify">An investor has struck gold with a recent meme coin purchase, significantly increasing their wealth. The latest surge in meme coins has created both winners and losers, with some investors reaping substantial gains while others face losses. A recent disclosure from Lookonchain highlights a new millionaire who achieved an extraordinary profit.</p>
<h2 id="how-did-the-investor-achieve-this-profit">How Did the Investor Achieve This Profit?</h2>
<p style="text-align: justify">A cryptocurrency trader quietly made a purchase in the DeFi <a href="https://newslinker.co" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="exclude">ecosystem</a> that largely went unnoticed. The trader, identified by an address starting with ‘0x8EF73’, invested 3.2 ETH, approximately $12,300, to acquire 27.05 billion PEW coins. This transaction, detected by Lookonchain, took place on May 31.</p>
<p style="text-align: justify">Initially, the trader sold 8.05 billion PEW coins for 83.5 ETH, equating to $315,000, which resulted in a profit exceeding $300,000. Currently, the account holds 1 billion PEW coins valued at $61,000.</p>
<h2 id="what-challenges-lie-ahead-for-selling-meme-coins">What Challenges Lie Ahead for Selling Meme Coins?</h2>
<p style="text-align: justify">The meme coin, “Pepe in a Memes World” (PEW), has a total locked value of only $7.5 million on Uniswap, indicating limited liquidity when exchanged for other ERC-20 tokens. This low liquidity could pose challenges if the investor decides to liquidate their assets, potentially impacting PEW’s <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">market price</a>. However, the investor has already secured noteworthy gains.</p>
<h2 id="investor-insights">Investor Insights</h2>
<p style="text-align: justify">Here are some key takeaways for potential investors:</p>
<ul>
 <li>Early entry into new tokens can yield substantial returns.</li>
 <li>Tracking whale activities can provide investment opportunities.</li>
 <li>Diversifying holdings across multiple addresses may reduce risks.</li>
 <li>Low liquidity can affect the ability to sell large amounts without impacting the price.</li>
</ul>
<p style="text-align: justify">In conclusion, while the case demonstrates the potential for significant profit in the meme coin market, it also highlights the risks involved, particularly with liquidity concerns. Investors must weigh these factors carefully.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/investor-secures-major-profit-from-meme-coin" data-wpel-link="internal" rel="noopener noreferrer nofollow">Investor Secures Major Profit from Meme Coin</a></h5>

Investor Secures Major Profit from Meme Coin

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