Trader made $9.4 million on the MOODENG meme coin😲
A few weeks ago, an investor purchased more than 30 million Moo
Deng ($MOODENG) tokens. In total, he spent 6 SOL coins on this purchase (approximately $815 at the time of the transaction). At the peak on September 29, memecoins cost $0.2983, which means that 30 million tokens can be valued at more than $9.4 million.
It turns out that the trader's investments have grown by about 11.5 thousand times. However, experts note that the liquidity of the crypto market is too low. From which it follows that the investor will most likely not be able to make a profit. This is because with a market capitalization of only a few million $MOODENG will not allow you to sell all the tokens at such a price.
