Memecoin

BOOK OF MEME

MANEKI

Rewards

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/memecoin-projects-offer-high-rewards-and-significant-risks/" data-wpel-link="internal">Memecoin Projects Offer High Rewards and Significant Risks</a><br></p>
<p class="p1" style="text-align: justify"><strong>Memecoin</strong> projects have become the Wild West of the crypto space, offering high rewards and significant risks. Over the weekend, blockchain <a href="https://newslinker.co/" data-wpel-link="exclude">data analysis</a> platform Lookonchain noticed that some crypto whales were making significant memecoin transactions; some recorded gains, while others witnessed losses. This process showcases the allure and volatility of memecoins, where fortunes can be made overnight.</p> 
<h2 class="p1" style="text-align: justify" id="memecoin-hype-continues">Memecoin Hype Continues</h2> 
<p class="p1" style="text-align: justify">According to Lookonchain, the <strong>sundayfunday.sol</strong> address purchased the 1DOL memecoin project, turning approximately $2,275 worth of 13 Solana into $2.26 million in just 8 hours. The trader achieved a staggering 993-fold return on this transaction. Lookonchain also noted that Sundayfunday.sol was the largest participant in the BOOK OF MEME (BOME) pre-sale, spending $72,000 worth of 421 SOL to purchase BOME.</p> 
<p class="p1" style="text-align: justify">Sundayfunday.sol acquired 1.43 billion <strong>BOME</strong> worth $40 million during the asset’s peak price. Later, they sold 530 billion BOME for 38,305 SOL, roughly $7.66 million, and currently hold 894 billion BOME worth $10.5 million.</p> 
<p class="p1" style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-353170 size-full" src="https://coin-turk.com/wp-content/uploads/2024/05/1dol.jpg" alt="" width="1872" height="472"></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 class="p1" style="text-align: justify">Additionally, <strong>Lookonchain</strong> noticed that the address 4pV17t9g4qdH3HWZzq6dZ62785pDYhkKUSPai8FHvQTH, suspected to be <a href="https://en.coin-turk.com/sec-takes-legal-action-against-binance-significant-shake-up-in-the-altcoin-market/" data-wpel-link="internal">crypto </a><a href="https://finance.coin-turk.com/" data-wpel-link="external" target="_blank" rel="nofollow noreferrer">market</a> maker Wintermute, spent $337,000 worth of 2,000 SOL to purchase MANEKI on May 18. The same address had previously spent $201,000 worth of 1,300 SOL. Following the transaction, MICHI became a popular memecoin last week.</p> 
<p class="p1" style="text-align: justify">In contrast, Lookonchain reported significant losses among other crypto whales. On May 18, a crypto whale sold 732,481 dogwifhat <strong>(WIF)</strong> worth $1.85 million at a loss. This whale had initially purchased 732,481 WIF for $2.18 million, or $2.98 per token, just three days earlier. The sale at approximately $2.52 per token resulted in a $330,000 loss.</p> 
<p class="p1" style="text-align: justify">Other memecoin projects like PONKE and 1CAT also recorded significant increases in the last 24 hours. DEX Screener data shows that 1CAT increased by 1,320% and is currently trading at $0.001017. PONKE has risen by approximately 54% since May 18 and is currently trading at $0.3458.</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/memecoin-projects-offer-high-rewards-and-significant-risks/" data-wpel-link="internal">Memecoin Projects Offer High Rewards and Significant Risks</a></h5>

Memecoin Projects Offer High Rewards and Significant Risks

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