Trader turns $13K into $2M within 1 hour as memecoin frenzy continues
The Donotfomoew (MOEW) memecoin skyrocketed in value shortly after its debut on DEXs on April 3.
A crypto trader turned $13,000 into over $2 million, a gain of 15,700%, on April 3 by investing in the novel memecoin Donotfomoew (MOEW) minted on the Base blockchain.
As told by blockchain analytics firm Lookonchain, the trader first purchased 499.9 million MOEW using 4 Ether.
10 minutes after the listing of MOEW on decentralized exchanges (DEXs). Less than one hour later, the trader sold 111.65 million MOEW for 99 ETH ($328,000) and currently holds 388.24 million MOEW, worth $1.76 million at the time of publication.
