In 2024, which has been pretty much the “year of meme coins” so far, such tokens continue to bring significant returns to their investors. One user made a profit of nearly $10 million in about 2 weeks through Moodeng, one of the most talked about meme coins of late.

According to information provided by the online platform Lookonchain, a person bought 6 Solana and 30 million Moodeng for about $815. The return on the tokens purchased 17 days ago is staggering. At the end of this period, the investor earned 11,534 times the profit from the gains. The value of the tokens in the hands of this person, who is likely from the project, is currently around $9.4 million...

On the other hand, according to information provided by Lookonchain, another investor bought a $310k Moodeng yesterday. This person, who spent 2000 Solana to buy, has also become the second largest investor owning this meme token. This person now has a $4.3 million Moodeng.