CDS Crypto News Trader Strikes Gold with 6 Million Dollars Profit After Investing 8,000 Dollars in Ethereum Meme Coin
Crypto News

Trader Strikes Gold with 6 Million Dollars Profit After Investing 8,000 Dollars in Ethereum Meme Coin

The Ethereum trader has already transferred the tokens to another crypto wallet, as indicated by on-chain data.

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Trader Strikes Gold with 6 Million Dollars Profit After Investing 8,000 Dollars in Ethereum Meme Coin

Crypto News-A trader who invested $8,300 in a frog-themed memecoin just a month ago now finds themselves 750 times richer as the token’s price soared.

Trader Strikes Gold with 6 Million Dollars Profit After Investing 8,000 Dollars in Ethereum Meme Coin

On April 11, the price of the memecoin named Apu Apustaja (APU) surged, propelling its market capitalization to nearly $200 million.

Blockchain analytics firm Lookonchain highlighted a trader’s decision to invest in APU a month prior to its recent price surge.

Trader Strikes Gold with 6 Million Dollars Profit After Investing 8,000 Dollars in Ethereum Meme Coin
Trader Strikes Gold with 6 Million Dollars Profit After Investing 8,000 Dollars in Ethereum Meme Coin 1

vOn March 11, the trader executed four transactions, amassing approximately eight billion Apu Apustaja (APU) tokens. Additionally, the crypto trader acquired another 300 million tokens through two purchases: one on March 13 and the other on March 24.

The trader invested a total of 2.38 ETH, equivalent to approximately $8,300 at the time, in the memecoin. By April 11, the token’s price surged to a peak of $0.0007907, valuing the tokens at around $6.5 million.

On April 12, the trader conducted six transactions, transferring the funds to another crypto wallet. This action could indicate a desire to move the assets to a different wallet or could suggest a decision to sell the tokens via a peer-to-peer (P2P) transaction.

Trader Strikes Gold with 6 Million Dollars Profit After Investing 8,000 Dollars in Ethereum Meme Coin
Trader Strikes Gold with 6 Million Dollars Profit After Investing 8,000 Dollars in Ethereum Meme Coin 2

While some traders exercise patience in their strategies, others swiftly capitalize on their gains, sometimes missing out on potential millions.

On March 14, a trader purchased approximately 170 million Book of Meme (BOME) tokens and sold them for $131,000 before the price surged on March 15. With current market prices, the trader potentially missed out on a $2 million gain.

Meanwhile, another memecoin trader seized the opportunity, transforming $13,000 into $2 million within just one hour. On April 3, the trader identified a memecoin named Donotfomoew (MOEW) as it launched on decentralized exchanges (DEXs).

Investing 4 ETH ($13,000), the trader acquired nearly 500 million MOEW tokens, which skyrocketed in value to approximately $2 million within an hour.

Trader Strikes Gold with 6 Million Dollars Profit After Investing 8,000 Dollars in Ethereum Meme Coin

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