Million

Daddy Tate

Mother Iggy

<a href="https://bitcoinworld.co.in/crypto-trader-turns-1-5-million-in-4-5-million-in-5-hours-with-simons-cat-cat/" title="Crypto Trader Turns $1.5 Million In $4.5 Million In 5 Hours With Simon’s Cat (CAT)" rel="nofollow" data-wpel-link="internal"></a>
<ul> 
 <li style="font-weight: 400">One crypto trader has recently turned $1.5 Million into $4.5 Million in a matter of hours by trading a new meme coin, Simon’s Cat (CAT).</li> 
</ul> 
As new cryptocurrencies flood the crypto market, they continue to offer opportunities to profit from carefully timed crypto trades. One crypto trader has recently demonstrated this by making $3 million in a matter of hours by trading a new meme coin, Simon’s Cat (CAT). 
Specifically, a ‘sniper,’ or trader using scripts or bots to swiftly purchase tokens as they become available on the market and gain an advantage, first spent 2,500 Binance Coins (BNB), worth $1.46 million, to buy 318.87 billion CAT, according to the data shared by Lookonchain in an X <a href="https://x.com/lookonchain/status/1826821408456147281" data-wpel-link="external" rel="nofollow noopener noreferrer sponsored">post</a> on August 23. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 A sniper made $3M in just 5 hours by sniping <a href="https://twitter.com/search?q=%24CAT&amp;src=ctag&amp;ref_src=twsrc%5Etfw" data-wpel-link="external" rel="nofollow noopener noreferrer sponsored">$CAT</a>! 
 This guy spent 2,500 <a href="https://twitter.com/search?q=%24BNB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" data-wpel-link="external" rel="nofollow noopener noreferrer sponsored">$BNB</a>($1.46M) to buy 318.87B <a href="https://twitter.com/search?q=%24CAT&amp;src=ctag&amp;ref_src=twsrc%5Etfw" data-wpel-link="external" rel="nofollow noopener noreferrer sponsored">$CAT</a> at the same tx where the liquidity was added. 
 Then he sold all 318.87B <a href="https://twitter.com/search?q=%24CAT&amp;src=ctag&amp;ref_src=twsrc%5Etfw" data-wpel-link="external" rel="nofollow noopener noreferrer sponsored">$CAT</a> for ~7,639 <a href="https://twitter.com/search?q=%24BNB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" data-wpel-link="external" rel="nofollow noopener noreferrer sponsored">$BNB</a>($4.45M), making 5,139 <a href="https://twitter.com/search?q=%24BNB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" data-wpel-link="external" rel="nofollow noopener noreferrer sponsored">$BNB</a>($3M).<a href="https://t.co/faH6Onvkqw" data-wpel-link="external" rel="nofollow noopener noreferrer sponsored">https://t.co/faH6Onvkqw</a> <a href="https://t.co/lpvogBYQSa" data-wpel-link="external" rel="nofollow noopener noreferrer sponsored">pic.twitter.com/lpvogBYQSa</a> 
 — Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1826821408456147281?ref_src=twsrc%5Etfw" data-wpel-link="external" rel="nofollow noopener noreferrer sponsored">August 23, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
As the blockchain monitoring platform’s analysts further pointed out, the crypto trader then sold all of their purchased 318.87 billion CAT tokens for around 7,639 BNB, worth $4.45 million, thus making a profit of 5,139 BNB or $3 million in just five hours, according to the transaction information. 
Notably, CAT is the officially endorsed meme coin that originates from the popular British animated series by Simon Tofield, backed by full intellectual property (IP) rights from the iconic brand, and aiming to contribute to initiatives related to rescuing and feeding cats around the world. 
As a reminder, meme coins have marked the 2023 and 2024 crypto bull rallies, gaining popularity thanks to memes and celebrities albeit often without offering clear value, with some of the notable celebrity-based coins including Andrew Tate’s Daddy Tate (DADDY) and Iggy Azalea’s Mother Iggy (MOTHER). 
<h3 id="span-style-font-weight-400-simon-s-cat-price-analysis-span">Simon’s Cat Price Analysis</h3> 
At press time, CAT was <a href="https://coinstats.app/coins/simon-s-cat/" data-wpel-link="external" rel="nofollow noopener noreferrer sponsored">changing</a> hands at the price of $0.00002528, demonstrating an increase of a whopping 95.41% on the daily chart since its very recent launch, with a market capitalization reaching $223.64 million, according to the latest CoinStats data. 
<figure id="attachment_80092" aria-describedby="caption-attachment-80092" style="width: 100%" class="wp-caption aligncenter">
 <img loading="lazy" decoding="async" class=" wp-image-80092" src="http://bitcoinworld.co.in/wp-content/uploads/CAT-Price-Chart-483x300.png" alt="" width="641" height="398" srcset="https://bitcoinworld.co.in/wp-content/uploads/CAT-Price-Chart-483x300.png 483w, https://bitcoinworld.co.in/wp-content/uploads/CAT-Price-Chart.png 760w" sizes="(max-width: 641px) 100vw, 641px">
 <figcaption id="caption-attachment-80092" class="wp-caption-text">
 CAT Price Chart | Source: CoinStats
 </figcaption>
</figure> 
&nbsp; 
In conclusion, this crypto trader has managed to use their resources to make a massive profit from the launch of the above meme coin.&nbsp; 
However, trading meme coins is significantly speculative, so doing one’s own due diligence and using extreme caution is advisable when investing in them.

Crypto Trader Turns $1.5 Million In $4.5 Million In 5 Hours With Simon’s Cat (CAT)

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