Trader Made Over $15 Million Trading Meme Coins – Mog (MOG) and Pepe (PEPE)
Release: 2024/08/03 05:39 Reading: 451
Savvy Trader Profits from Market Downturn
In a recent market downturn, a skilled trader capitalized on the opportunity, generating a profit of over $15 million through trading meme coins.
Despite the bearish sentiment in the market, with major assets like Bitcoin and Ethereum experiencing significant losses, this trader identified an opportunity.
According to Lookonchain, a blockchain analytics firm, the trader meticulously acquired 7.1 trillion MOG tokens and 515.42 billion PEPE tokens at opportune moments. Subsequently, they sold off a portion of these tokens, realizing substantial profits.
The trader's transactions included:
- Purchasing 7.1 trillion MOG tokens for $262,500
- Selling 786 billion MOG tokens for $1.29 million
- Acquiring 515.42 billion PEPE tokens for $861,000
- Selling 95 billion PEPE tokens for $1.08 million
These calculated trades resulted in a $15.62 million profit:
- $11.22 million from MOG trades
- $4.4 million from PEPE trades
Despite the market volatility, the trader remains invested in these meme coins, holding 420.42 billion PEPE tokens and 6.3 trillion MOG tokens.
Disclaimer: This information does not constitute investment advice. Independent research and professional consultation are strongly advised before making any investment decisions.
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