TRADER TURNED $815 INTO $9.4 MILLION ON MOODENG MEMECOIN
The investor spent 6 SOL ($815) to buy 30.1 million Moo Deng (MOODENG) meme tokens in mid-September. The assets are now valued at $9.4 million.
Theoretically, he increased his investment by 11,534 times. However, users in the comments noted that the low liquidity of the coin market will not allow him to extract all possible benefits.
A trader under the nickname BullsCafe emphasized that the real capitalization of MOODENG is only $1 million with a liquidity of about $135,000. In his opinion, in this situation it is “mathematically impossible” to make a profit of $9.4 million.
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