Crypto Investor Turns $1.3K into $12.45 M in Just 17 Days with Moo Deng Memecoin

Crypto trading is an astonishing and intriguing process where various factors determine the outcome of an investment. Here, one wrong choice can cost a trader’s entire holding, but at the same time, the right decision can make thousands or even millions in profits. One prime example of placing the right strategies is this crypto investor who identified the right trends and made the bet at the right time. With this, he has made more than $12.45 million within 17 days in a newly launched Moo Deng Memecoin.

Crypto Investor Made $12.45 Million From Just $1.3K

As the crypto market is following a recovery trail, many cryptocurrencies are rising in value. However, this crypto investor has found a new opportunity, where he invested in the newly launched Moo Deng memecoin, which has gained immediate traction in the market. With this hype, the investor’s $1.3k has turned into $12.45 Million within just 17 days, setting an example for others.

This crypto trading news came to people’s attention with the Lookonchain X post, which revealed that the crypto investor spent  9.8 Solana tokens worth $1,331 to buy 38.7M $MOODENG. He got these tokens on September 10 and sold 104K $MOODENG for 112 $SOL($17.9K) on September 27, leaving 38.64M in his holdings. Per the Lookonchain post, these 38.64M MOODENG were worth $9.5 Million on September 27. However, the price has grown much higher in the last 24 hours, making these worth $12.44 Million.

Turned $1,331 into over $9.5M in only 16 days, a 7,140x return! #MOODENG

This guy spent 9.8 $SOL($1,331) to buy 38.7M $MOODENG on Sept 10 and sold 104K $MOODENG for 112 $SOL($17.9K)today, leaving 38.64M $MOODENG, worth more than $9.5M!https://t.co/gCR15Bjrcc pic.twitter.com/gaMG0BvKdB

— Lookonchain (@lookonchain) September 27, 2024

With this, his $1331 has turned into $12,457,900, which is a 9359x return on the investment within 17 days. However, there are also concerns and questions about this investor being an insider trader due to the MOODENG pool having limited liquidity of $1.8 Million, which restricts the cashing out of such a huge investment.

More importantly, he is not the only one who has made heavy gains in this popular token. Another crypto trader made $400K from $800, indicating the rise of this new token in the market.

How Is Moo Deng Memecoin Performing Today?

Moon Deng memecoin is inspired by a baby Hippo, which has taken over the internet with its cuteness. From seeing it as a cute internet meme to a crypto token, it has gained new popularity in the market. Even though it has not been long since its launch, Moo Deng memecoin is still in heavy demand, and it has made heavy profits for its holders, including this investor.

At the time of writing, the MOODENG token is trading at $0.322 after setting an all-time high of $0.3387 just two hours ago. It is now in its prime time after surging 865% over the week, with a market capitalization of $317,294,658 and a trading volume of $188,944,027. This boost is coming after its launch on popular crypto exchanges, including Raydium and others.

With this, the crypto investor’s remaining investment has become $12.44 million at the current price, bringing the total profit to $12,456,569.

Final Thoughts

A crypto investor has shocked the netizens with his highly profiting story, where he has made more than $12.45 Million in seventeen days in meme coins, where he had only invested $1.3K. The investor has put his trust into a newly launched MOODENG token, insure from a baby Hippo, which is viral on the internet. The same hype has entered the crypto trading for this token, where it has just recently hit an ATH of $0.3387, making millions for its holders. This is the condition these days when the market is not entirely bullish, making the traders excited for the upcoming Uptober and crypto market rally.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.