twitter crypto analyzer @lookonchain Tracked down an account that is really good at buying mem coins quickly, and rightly so.
Not only did the crypto expert profit over a million dollars from the Shiba Inu bull run back in 2021 – and still hold some of that SHIB – he is also holding PEPE and WOJAK tokens from the very bottom.
Trader gets rich off crypto meme tokens – his move
- To get started in crypto supremacy, the ‘smart money’ as Lukonchain refers to him, invested in a Shiba Inu with $96,500 in January 2021
- He has made a profit of $1.18 million so far, and taking into account the unrealized profit on SHIB coins, he is still around $2 million
- He then invested $36,000 in Pepe and $61,000 in Wojak, two positions that are currently worth $95,000 and $329,000.
Pepe Coin price continues to pump
Pepe’s price has exploded 25,000% in the past two weeks, 1,000% since listing on centralized exchanges, and is up 80% today, with some short positions paying 0.75% funding at Friday’s daily open. Is.
During the last crypto bull run, the Shiba Inu garnered a market capitalization of nearly $40 billion – making headlines for its valuation being higher than that of Deutsche Bank – and Floki Inu reached a $2.5 billion market cap.
Whether Pepe can continue its uptrend and cross the $1 billion mark – currently at an $820 million market cap – remains to be seen.
After flipping FLOKI, the only meme coins standing in the way of becoming the biggest meme crypto on the charts are SHIB with a $5.8 billion market cap and Dogecoin with $10.9 billion.
next big meme coin
Altcoin season is well underway for meme coins, with other assets with amusing names and little utility currently outperforming bitcoin, ethereum, and the rest of the crypto market.
Pepechain (PC), Wall Street Baby (WSB), BOB, Bogdanoff (BOG), HEX, DINO, PPIZZA, REDDIT, MONG, and others are vying for position on the DEXTools trending crypto list.
Meme Coins are volatile, high-risk assets – but also high reward. Recently we wrote an article on crypto expert Tweet thread by Altcoin Sherpa saying that they could be one of the ‘easiest ways’ to make money from cryptocurrencies due to their simplicity and being an inefficient market.
In that article our analysts tipped Aidog (AI) as a potential outperformer once it gets listed on the exchanges, which is currently undergoing its pre-sale. aidoge.com And passing the $1.5 million milestone today.
we also highlighted sponge bob (sponge) Which was listed on Uniswap on Thursday.
30% above us first articleThe market capitalization of $SPONGE is just over $3 million.