Jeo Boden

Solana

TRUMP

Gains

MAGA

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/investors-reap-big-gains-from-meme-coins" data-wpel-link="internal" rel="noopener noreferrer nofollow">Investors Reap Big Gains from Meme Coins</a><br></p>
<p style="text-align: justify">Recent on-chain <a href="https://newslinker.co/category/ai/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="exclude">data</a> has highlighted the impressive gains achieved by a meme coin investor. The focus was on a <a href="https://en.bitcoinhaber.net/solana-crypto-players-near-million-dollar-miss-with-memecoin-sale" data-wpel-link="internal" rel="noopener noreferrer nofollow">Solana</a> (SOL)-based meme coin which experienced a 51-fold increase since the start of the year, drawing substantial attention.</p>
<h2 id="how-did-wif-coin-perform">How Did WIF Coin Perform?</h2>
<p style="text-align: justify">According to Lookonchain, a significant investment was made in the dogwifhat (WIF) meme coin in December 2023. The investor capitalized on the coin’s upward trajectory, recording an astonishing 118,967% gain. This investor strategically sold portions of their holdings as WIF’s value increased. Initially, they invested $5,879 to acquire 6.1 million WIF, which now holds a value of $23.7 million. Despite selling 4.7 million WIF for $1.57 million, they still retain 1.4 million WIF, currently worth $5.47 million, culminating in a profit of approximately $7 million, a phenomenal 1,197-fold gain.</p>
<h2 id="what-is-maga-s-current-status">What Is MAGA’s Current Status?</h2>
<p style="text-align: justify">In another case, Lookonchain revealed an investor’s impressive gains from the MAGA (TRUMP) meme coin, named after former President Donald Trump. This investor acquired 119,000 MAGA coins within a fortnight, leading to six-figure unrealized profits. The TRUMP coin, which recently peaked again, saw significant <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">investments</a>, with a buyer spending 1.15 million USDT to buy 118,671 TRUMP coins. As of now, their unrealized profit stands at $540,000, with the coin trading at $15.51.</p>
<h2 id="key-investor-insights">Key Investor Insights</h2>
<p style="text-align: justify">– Timing and market movements are crucial in meme coin investments.<br> – Strategic selling during price spikes can maximize profits.<br> – Diversifying investments across different meme coins can spread risk and opportunities.<br> – Monitoring market trends and on-chain data can provide valuable investment insights.</p>
<p style="text-align: justify">Finally, Lookonchain also noted a cumulative profit of $41.38 million from various meme coin transactions, including WIF, Jeo Boden (BODEN), and Solana’s Bonk (BONK). A strategic sale of 539,558 WIF for 11,708 SOL ($2 million) and other transactions resulted in substantial profits: $24.1 million from WIF, $11 million from BODEN, and $6.28 million from BONK.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/investors-reap-big-gains-from-meme-coins" data-wpel-link="internal" rel="noopener noreferrer nofollow">Investors Reap Big Gains from Meme Coins</a></h5>

Investors Reap Big Gains from Meme Coins

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BH NEWS

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