They have already sold 3.3 million tokens for a profit of $59,600. The unrealized profit on the remaining 8.47 million tokens in their portfolio is currently around US$1.6 million, but had reached US$1.9 million at the time of Kakashi's announcement.
For verification, readers can use Solana's #blockchain directory, Solscan. io. There, the trader's portfolio shows a current value of $1.73 million.
This includes $95,600 in another little-known #Solana coin called Brainlet (BRAINLET).
The exact transaction in which the traders bought Moo Deng tokens can also be seen on Solscan here.
The recent drop could be an entry point for some traders, as Moo Deng's social media presence is steadily growing. The strong community support and growing popularity of Moo Deng suggest that it could become one of the next big #meme coins and reach a market value of US$1 billion.
If this happens, the portfolios of traders who originally invested $401 could grow to more than $8 million.
This equates to a return of more than 20,000 times the initial investment of $401. Historically, investing in new meme coins before they become widely known has been a strategy for some traders to make big profits.
Moo Deng is a classic example of how an early bet on a relatively unknown #token can yield exponential returns. One of the most interesting new presales currently taking place is MEMEBET.
the project plans to launch a cryptocasino on the web and Telegram and could be the first GambleFi protocol to allow crypto investors to bet with meme coins.
The presale raised $350,000 in just a few weeks, and traders are eager to get their hands on the tokens in anticipation of the casino's success. The project has attracted attention as a potential major player in GambleFi due to its appeal to the meme community.
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