A trader made $2 million from meme tokens in just five months
Lookonchain analysts examined the trading 📈 patterns of an actual trader who dealt with 60 different 🐶 meme coins. Despite only 33% of his trades being profitable, he still amassed 💰 $2 million in earnings, largely due to significant gains from $BOME, $SLERF, and $MANEKI.
His 🧐 strategy included purchasing a meme tokens on a decentralized exchange (DEX) and selling it at 💵 a profit during its price surge on a centralized exchange (CEX) listing. This method yielded $1.23 million from $BOME alone.
This case vividly demonstrates that success in trading meme tokens 🤷 without insider tips largely depends on whether you invest in a coin that ends up surging.