Trader who invested $4 million in meme coin doubled his money in 1 month
The meme coin craze in 2024 continues despite the approaching end of the year. While traders continue to make serious profits and gains from meme coins, an investor earned $4.3 million from a coin called POPCAT in 1 month.
Solana-based meme coin POPCAT continues to provide serious returns to its investors. Meme coin, which has increased more than 10 times since it was launched in December of last year, has increased by nearly 180% in a month.
Doubled $4 million
A cryptocurrency investor doubled the $4.1 million investment he made on September 12 and 13 in less than 1 month. This person, who bought 6.1 million POPCATs at $0.68, made a profit of $4.3 million, and the value of all POPCAT tokens reached $8.5 million.
Still hasn't sold
It is also noteworthy that this trader hasn't sold despite making such a high profit in a short period of time. POPCAT had reached ATH today by rising to $1.47.
While 2024 was quite productive in terms of meme coins, tokens on the Solana chain also experienced an explosion. Meme tokens such as BONK, WIF, SLERF, MYRO, PONKE have increased interest in Solana and decentralized exchanges on this network.
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