How SmartMoney Profited from MEME Coins: A Case Study
In the world of cryptocurrency, the rise of meme coins has attracted many investors looking to make a quick profit. One such investor is SmartMoney, who has made substantial gains from investing in two meme coins, $PEPE and $LADYS. In this article, we will examine how SmartMoney approached their investments, and how they made a profit from them.
Headings:
SmartMoney's Approach to Investing in Meme Coins
Investment in $PEPE
Investment in $LADYS
Takeaways from SmartMoney's Investment Strategy
Conclusion
SmartMoney's Approach to Investing in Meme Coins:
SmartMoney's investment strategy is very different from other investors in the cryptocurrency space. Instead of blindly investing in multiple meme coins, SmartMoney only invested in two: $PEPE and $LADYS. This strategy allowed them to focus their resources and make informed decisions.
Investment in $PEPE:
SmartMoney purchased 108 billion $PEPE for 3.63 ETH ($7,531) on April 18 at a buying price of $0.00000006965. They then sold these coins for 135 ETH ($255K) on April 30, May 6, and May 6, at an average selling price of $0.000002358. The profit made from this investment was 131 ETH ($247K), with a gain of 36x.
Investment in $LADYS:
SmartMoney purchased 2.15 trillion $LADYS for 4.7 ETH ($8,679) before Elon Musk tweeted about the coin. The buying price was $0.000000004035. They then sold 1.09 trillion $LADYS for 84 ETH ($153K) at a price of $0.0000001404 and currently hold 1.06 trillion $LADYS ($158K). The profit made from this investment was $302K, with a gain of 35x.
Takeaways from SmartMoney's Investment Strategy:
SmartMoney's approach to investing in meme coins is worth learning from. They did not blindly invest in multiple meme coins, but instead focused on two coins that they believed had potential. They were also patient and strategic, holding onto their coins even after their prices rose.
Conclusion:
SmartMoney's approach to investing in meme coins has been very successful, with gains of 36x and 35x on their investments in $PEPE and $LADYS, respectively. Their strategy of focusing on a small number of coins, being patient and strategic, is a valuable lesson for other investors in the cryptocurrency space.
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