đ„After investing $8,000 in #Ethereum memecoin, trader gets $6 million pay dirtđ„
A trader who put $8,300 into a memecoin with a frog motif a month ago is now seven hundred and fifty times wealthier due to the token's meteoric rise in price.
Apu Apustaja (APU), a memecoin, had a dramatic price spike on April 11 that brought its market valuation close to $200 million.
An investor's decision to buy APU was noticed by blockchain analytics startup Lookonchain one month before to its latest price movement.
On March 11, the trader acquired around eight billion Apu Apustaja (APU) tokens via four trades. Two transactions, one on March 13 and the second on March 24, added 300 million tokens to the crypto trader's holdings.
Memecoin cost the trader 2.38 Ethereum tokens, which is almost $8,300 at the current market value. With a price spike reaching $0.0007907 on April 11, the token was worth almost $6.5 million.
The memecoin dealer moved the money to a new cryptocurrency wallet on April 12th via six separate transactions. This can indicate that the trader is only looking to transfer the tokens to a different wallet or is planning to sell them via a P2P transaction.
People in the community also voiced their thoughts on possible explanations. The tokenholder was lauded by one X user for "still holding," while the crypto wallet was presumably owned by a developer by another.
A lot of traders are patient with their tactics, but a few of them become greedy and sell their winnings too soon, losing out on millions of dollars.
Before the price increase on March 15, a trader acquired 170 million Book of Meme (BOME) tokens on March 14 and sold them for $131,000. The trader missed out on a possible $2 million gain based on the current market pricing.
In the meanwhile, another memecoin dealer made $2 million in an hour using the hysteria. As the memecoin Donotfomoew (MOEW) made its debut on decentralized exchanges (DEXs) on April 3,
After only one hour, the trader's investment of 4 ETH ($13,000) in about 500 million MOEW was worth nearly $2 M
