Meme Coin Trader Profits Over $1 Million Within a Few Weeks

Cryptodnes2024/10/09 08:09

By: Cryptodnes

The cryptocurrency market presents significant opportunities for traders who can effectively time their investments, and one particular trader has showcased exceptional skill.

This individual has reportedly earned over $1 million in just under two months by strategically trading a specific meme coin.

According to data from the blockchain analytics platform Lookonchain shared on October 8, this trader has achieved a remarkable 100% win rate while swing trading Popcat ( POPCAT ) since August 20.

Over the course of seven weeks, they have executed eight well-timed trades on POPCAT, with the latest trade occurring between October 4 and October 7, resulting in a profit of $194,093.

How Much Cryptocurrency Binance Holds, According to Their Latest Report

This brings the trader’s total earnings to an impressive $1,050,440 from August 20 to October 7.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops

Lock your assets and earn 10%+ APR

Lock now!

- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.

Bitget-RWA•2025/09/12 06:14

OPEN has dropped by 189.51% within 24 hours during a significant market pullback

- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.

Bitget-RWA•2025/09/12 06:14

New spot margin trading pair — LINEA/USDT!

Bitget Announcement•2025/09/11 10:04

Meme Coin Trader Profits Over $1 Million Within a Few Weeks

READ MORE:

You may also like

Trending news

Crypto prices