The investor turned $1.3 thousand into $12.45 million in 17 days. Moo Deng memecoin attracted attention with an 865% increase in value. Another trader earned $400 thousand with an $800 investment. Crypto trading is a process where many factors affect investment results. A wrong choice can cause the investor to lose all their assets, while the right decisions can bring profits of up to millions of dollars.

For example, an investor who invested in the Moo Deng memecoin by identifying the right trends bought 38.7 million MOODENG using 9.8 Solana on September 10 and sold some of these tokens on September 27, making a significant profit. “I turned $1,331 into $9.5 million in just 16 days, a return of 7,140%!” – Lookonchain.

With this transaction, the capital of $1,331 increased to $12.45 million, generating a 9359x return. However, there are concerns about the liquidity of the MOODENG pool and the ability to convert such a large investment into cash.

MOODENG Memecoin Performance

The Moo Deng memecoin was inspired by the figure of a baby otter. Despite being launched only recently, this token is in high demand and offers significant returns to its investors. Currently, the MOODENG token is trading at $0.322, with a market cap of $317 million and a trading volume of $188 million, up 865%.

Investors' Earnings

In addition to this investor, another trader invested $800 in the same token and earned $400,000. This shows that the Moo Deng memecoin is rising rapidly. Crypto investors can make big profits by determining the right time and strategy in the volatile structure of the market. However, in addition to high returns, risks such as liquidity and market manipulation should also be considered.