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Cryptocurrency Investor Who Became a Millionaire in 1 Week with Meme Coin Investment
A cryptocurrency investor who can read the market correctly became a millionaire in just one week thanks to the meme coin project.
According to the data provided by the on-chain analysis platform Lookonchain, the smart investor made significant gains with Popcat (POPCAT).
This whale spent 4.13 million USDC to buy a total of 6.11 million POPCAT at $0.68 on September 12 and 13. He made his investment in parts and spread over two weeks on those days.
With the Fed's announcement of a 50 basis point interest rate cut last night, the value of the whale's POPCAT assets reached $5.32 million. The investor made a profit of $1.2 million in just one week. The POPCAT price rose from $0.6572 to $0.8774 following the Fed's decision to cut interest rates.
, POPCAT, which gained 22 percent in the last 24 hours, is trading at $0.869 at the time of writing.
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