MEME whales move, buy heavily again
After the Fed announced a rate cut, the price of Bitcoin (BTC) rose from $59,000 to $63,700. Many people asked if this meant the arrival of a bull market. I think it's just a small bull market, or a wave rise. Especially for many meme coins, rate cuts will lead to capital flowing back into the market, making the market capital sufficient. Historical data shows that every time the Fed raises interest rates above 5%, it is often accompanied by the risk of financial crisis.
At the same time, meme coin culture is becoming an important part of the cryptocurrency market. Recently, the largest holder of WIF borrowed 4.5 million USDC from the platform about 5 hours ago and bought about 2.55 million WIF at $1.76! The whale now holds about 31.2 million WIF (worth about $57.4 million), with a total profit of more than $74 million!
Similar wealth myths are not uncommon:
Shiba Inu Coin (SHIB): With only 500 yuan investment, it earned 100 million yuan in just 7 and a half months.
PEPE Coin: With an initial investment of 140,000 yuan, it achieved a profit target of 100 million yuan in 11 months.
Ethereum (ETH): With a starting capital of 20,000 yuan, after three years, the profit reached 100 million yuan.
Ripple (XRP): A principal of 50,000 yuan turned into a return of 100 million yuan after three years.
NEIRO Token: A principal of 10,000 yuan soared to a value increase of nearly 332 times in a few months
#MARVIN (contract number 7055) is also such a potential currency-it has a strong, united and vibrant community. At present, Marvin's market value is only more than 300,000 US dollars. Given the current promotion efforts of the community (marvin can be seen on Binance Square and other major traffic platforms)
However, it is worth noting that although these meme coins have brought amazing returns, the risks behind them cannot be ignored. Historical data shows that whenever the Federal Reserve enters a rate cut cycle, it may bring the risk of financial crisis.
The final suggestion is that you can participate in this wave of rise, and it is expected that there will be at least 2-3 weeks of rising market. It is recommended to sell some chips at high levels and buy again when the price falls back to a reasonable range.
