Crypto trading is a process where various factors that determine the outcome of the investment combine in an impressive and interesting way. While a wrong choice may cause the investor to lose all his assets, the right decision can bring thousands or even millions of dollars in profit. An exemplary investor in this field, Moo Deng, by identifying the right trends and investing in Memecoin at the appropriate time, increased 1.3 thousand dollars to 12.45 million dollars in 17 days.
Details of the Investment
As the crypto market continues its recovery trend, the value of many cryptocurrencies is increasing. However, this investor found a new opportunity by investing in the newly launched Moo Deng memecoin, which immediately gained traction in the market. The investor purchased 38.7 million MOODENG using 9.8 Solana tokens on September 10, and made a significant profit by selling some of these tokens on September 27.
“I turned just $1,331 into $9.5 million in 16 days, a 7,140% return!” – Lookonchain
With this investment, its capital of $1,331 increased to $12.45 million, providing a return of 9,359 times. However, due to the limited liquidity of the MOODENG pool, concerns and questions have arisen about converting such a large investment into cash.
MOODENG Performance of Memecoin
Moo Deng memecoin is inspired by the baby otter figure. Although it has only been a short time since its launch, this token is in high demand and provides significant profits to its investors. Currently, the MOODENG token is trading at $0.322, attracting attention with a market value of $317 million and a trading volume of $188 million, an increase of 865% in the market.
Investors’ Earnings
In addition to this investor, another crypto trader also earned $400 thousand from the same token with an investment of $800. This shows that Moo Deng memecoin is rising rapidly in the market.
Crypto investors can make big profits by determining the right time and strategy within the fluctuating structure of the market. However, in addition to high returns, risks such as liquidity and market manipulation should also be taken into consideration.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
