Recently, an on-chain report revealed a remarkable return story in the crypto world. A user bought 30.1 million MOODENG tokens for 6 SOL (about $815) 17 days ago, and that investment has increased 11,543 times today, reaching a value of about $9.4 million.

But while such gains are attractive, it is important to approach the numbers with caution. Meme coins often operate like casinos, attracting investors willing to take risks. Most people lose, while only a small fraction make big gains. In traditional investments, about 10% of investors make incremental gains, while in the meme coin market, the rate is much lower; only 1% make gains, and less than 0.01% make such big gains.

The main forces behind meme coins are insider knowledge, speculation, and hype. Investors who make big gains are often connected to the teams of these projects or have inside knowledge. These people make money by buying coins before they are released to the general public or by using strategies that are not available to ordinary investors.

For the average investor, investing wisely is not like winning the lottery; everyone hopes for a 10,000x return on the next meme coin. It is critical to proceed with caution in this area. Such news may create great excitement, but most participants in the meme coin market lose their investments.$SOL