Trader’s $1.40 Grows to $17,700 with Meme Coin Investing
A savvy trader has bagged a $17,700 profit with just $1.40 of initial capital after investing in a meme coin.
A crypto investor, Kakashi, explained on X on July 30 that the trader initially started out with $1.40 of ORC.
He then sold this for $4,759. He then purchased $1.74 of CatDog, which he sold for $17,700.
This guy bought $1.40 $ORC and sold it for $4,759 then bought $1.74 $CatDog and sold it for $17,700 pic.twitter.com/PPI574tdiq
— Kakashi (@kkashi_yt) July 30, 2024
Kakashi notes that this trader tends to ape into new Solana meme coins with a 0.01 SOL investment.
Readers can track this trader’s Solana wallet at 6vd8cGfnr46BWpR3JWSAMfytZuXDeWvi8hq2xVfzuoU.
One user noted that the wallet is probably a bot.
Most probably it's a bot… so.. Just buy random coins…
— Plan E.gfy (@life_shao) July 30, 2024
That means this investment strategy might not be accessible for most retail meme coin traders.
So, what alternative strategies can meme coin investors consider to increase their chances of success?
Well, one often overlooked strategy is in new meme coin presale investing.
Analysts at Cryptonews.com keep a close eye on the meme coin market for promising opportunities.
One meme coin presale they think shows a lot of promise is an Olympic-themed coin called The Meme Games (MGMES).
Here’s why they rank it as one of their best options for meme coin investing.
The Olympics kicked off last week, and buzz is building as major events like the 100m final near.
The Olympics has not issued an official token, however, leaving a gap for crypto market participants to create their own.
One new Olympics meme coin called The Meme Games (MGMES) is staking a strong claim for the spot of the “unofficial” meme coin of this Olympics game.
The Meme Games features
Read more on cryptonews.com
