A Memecoin investor recently achieved significant returns by depositing 127.5 million $MEME on Binance. Lookonchain, a well-known analytics platform, revealed that the investor earned a substantial profit of $1.41 million from this deposit. The details of this event were shared by Lookonchain on their official social media account on X.
Just an hour ago, a pre-sale investor of Memecoin deposited 127.5 million $MEME ($1.55 million) on #Binance, resulting in a profit of $1.41 million. Memecoin ($MEME) raised a total of $15.8 million through two rounds of pre-sales, with the pre-sale price set at $0.001. Check out the link below for more information. [img]
Lookonchain pointed out that the value of the tokens deposited by the pre-sale investor amounted to $127.5 million. This transfer occurred only an hour ago and led to substantial earnings for the investor. The significant deposit indicates a notable movement of funds within the Memecoin ecosystem.
This transaction highlights the lucrative potential of initial investments in the highly volatile cryptocurrency market. It specifically underscores the profitable opportunities within the realm of memecoins. Memecoin successfully raised $15.8 million through its two pre-sale rounds, demonstrating strong investor confidence and interest in its potential.
It is important to note that transfers of this magnitude can have an impact on market dynamics, including price fluctuations and changes in trading volume. During Memecoin’s pre-sale round, the price of $MEME tokens was only $0.001, providing investors with a favorable opportunity to acquire large quantities of tokens. This development contributed to the increase in the token’s value after the pre-sale rounds. According to Lookonchain, significant transfers like the one made by the aforementioned pre-sale investor can influence market dynamics, leading to fluctuations in prices and trading volumes.