Investor Grabbed His Ticket to Riches with Meme Coin, which Increased 619x in 4 Months!

A meme coin investor increased his $6,700 by 619 times in just 4 months.

Despite the rise of many altcoin groups in the cryptocurrency market from time to time, the meme coin hype has almost never ended.

According to a post by the on-chain data and analysis platform Lookonchain on June 10, the trader who invested in the meme coin named Kendu multiplied his money 619x in a short period of 4 months since February.

The investor in question purchased 20.95 billion Kendu meme coins by spending 2.13 Ethereum (ETH) worth $6,758 from February 24 to March 1. The investor, who never sold the meme coin he bought despite its rise, currently has Kendu worth $4.2 million.

While many cryptocurrency investors are buying their ticket to riches from meme coins, some are struggling with serious losses. Recently, a trader earned $618 thousand thanks to a single transaction in the meme coin GME. The investor made a significant amount of money by selling most of the GMEs he bought worth $2 million.