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Memecoin projects have become the Wild West of the crypto world, offering high returns and significant risks. According to Lookonchain's blockchain data analysis report, some crypto whales are processing large amounts of memecoin transactions. Although these transactions sometimes provide great profits, they can also cause significant losses. This situation clearly shows how volatile and risky memecoins are.
Memecoin Hype Continues
According to Lookonchain data, the address sundayfunday.sol converted 13 Solana from the 1DOL memecoin project from a value of approximately $2,275 to $2.26 million in just 8 hours. This investor was also the largest participant in the BOOK OF MEME (BOME) pre-sale. He spent 421 SOL to purchase $72,000 worth of BOME, resulting in a $40 million portfolio that reached 1.43 billion BOME when the asset was at its peak price.
Sundayfunday.sol sold 530 billion BOME for 38,305 SOL and earned approximately $7.66 million. Currently, it has a portfolio of 894 billion BOME with a total value of 10.5 million dollars. This example clearly shows how quickly memecoins can generate profits and also how volatile they are.
What's Happening in the Memecoin Space?
Lookonchain also noted that an address thought to be crypto market maker Wintermute spent $2,000 SOL to buy MANEKI on May 18, trading $337,000 worth of it. This address had previously made transactions worth $201,000 for 1,300 SOL. After this transaction, MICHI became a popular memecoin. However, memecoin investments may not always be profitable; Some crypto whales may also experience major losses.
For example, on May 18, a crypto whale sold 732,481 dogwifhat (WIF) tokens, which he bought for $2.18 million, for a loss of $1.85 million. However, it was purchased just three days ago at $2.98 per token. Selling at around $2.52 per token, it incurred a loss of $330,000.
FOR THE GIFT OF 10 DOLLARS, PLEASE READ CAREFULLY.
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THIS 10 DOLLAR GIFT CAMPAIGN IS A CAMPAIGN MADE SPECIALLY FOR ME BY BINACE. YOU CAN GET THE CONFIRMATION I SAID ABOUT THIS BY CONTACTING LIVE HELP. THIS IS A 10 DOLLAR CAMPAIGN MADE TO YOU THROUGH ME.
Now I will tell you how to receive your gift. First of all, Binance users who have registered with someone's reference and actively use futures transactions will unfortunately not be able to benefit from this promotion.
So who will benefit?
Our friends who have not activated the futures section yet, while activating your FUTURES trading section, you will earn 10 dollars when you open it by entering my reference code 88623008.
I EXPLAIN IN DETAIL.
My brothers and sisters who have become a Binance member without reference, please listen carefully;
When you do what I say, you will receive 10 USDT.
Enter the Futures Section from your application,
On the next screen, open your account by entering the code 88623008 in the REFERENCE CODE section,
My brothers and sisters who want to complete this transaction and receive the 10 USDT reward by MAY 1 can do so. After activating your account, all you have to do is open your first futures transaction.
The first 1,000 brothers to open a 200 USDT transaction by MAY 1 will receive a 10 USDT reward.
So let me give you a tactic like this: Even if you open and close 20x with a $5 transaction, you will be entitled to the reward.
However, even if you do this after May 1, your reward will not come. So get it done by May 1st. In fact, right now I say you can get it done in 5 seconds.
Very simple. Go to Futures, enter my reference code 88623008 and activate the account. Afterwards, just open a total of 200 USDT transactions and get 10 USDT reward.
WHEN WILL THE AWARD COME?
Your 10 dollar reward will arrive in the REWARDS section of your Binance application within 30 days, starting from May 1st. By activating it from there, you can use your reward of 10 dollars, or more than 300 liras, in futures transactions.
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BY THE WAY, MY BROTHERS, PLEASE DON'T MISS YOUR LIKES. EVERY SHARE IS FOR YOU. SO DON'T WITHHOLD YOUR SUPPORT. DON'T FORGET TO FOLLOW IF YOU HAVE NOT FOLLOWED YET. KIND REGARDS.
