Crypto Trader Achieves Astonishing 11,500% Profit From Solana-Based Meme Cryptocurrency

A Solana-based meme token, MOO DENG, has been at the center of attention after enabling a crypto trader to secure phenomenal gains surpassing 11,500%. The buzz around MOO DENG is growing as it demonstrates impressive returns for investors in a short period. During the time of this update, the cryptocurrency also experienced a surge of over 15%, further drawing attention in the investment community.

Remarkable Profits for Crypto Trader from Solana Meme Token

Amidst the increasing popularity of prominent meme coins, a particular Solana meme token, MOO Deng, has managed to reward investrs with massive returns, rewarding even modest investments significantly.

A report by Lookonchain reveals astonishing details: a trader bought 30.1 million MOO DENG tokens for 6 SOL (approx $815) and watched as the investment rocketed to a staggering $9.4 million in just 17 days, yielding an 11,534% return.

In a similar upward trajectory, another investor profited by turning a $1,300 bet into $12.45 million within the same 17-day window on the same meme token, kindling widespread discussions in the crypto landscape.

Indeed, the meme coin segment has been witnessing a noticeable uplift; top performers of the week such as Pepe Coin, Shiba Inu, dogwifhat, and BONK are cases in point. BitMEX co-founder Arthur Hayes has joined the meme coin gathering as well, signaling his bolstered belief in this category of cryptocurrencies.

MOO DENG Enjoys a 15% Surge

During this update, the valuation of MOO DENG surged by over 15%, reaching a price of $0.3185. Its trade volume also witnessed a 27% jump to $162.24 million. Over the past week, the meme token posted an impressive 590% increase, with an 820% climb since September 21.

Despite being known for their volatile nature, meme tokens are currently demonstrating that they can also offer lucrative high-risk, high-reward prospects for daring investors. With their rising popularity, these tokens suggest that investors are adeptly venturing beyond staple cryptos such as Bitcoin and Ethereum, seeking the potentially explosive prospects of speculative assets like meme coins, albeit due diligence is of utmost importance given their unpredictable behavior.

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Rupam Roy

Rupam Roy, with three years in the financial market, is a diligent research analyst and a discerning journalist. At Coingape, as a sub-editor, he covers AI developments, crypto market updates, and economic news. Using a storyteller’s flair, Roy offers valuable insights, respecting the complexity of finance.

Disclaimer: The content shared may reflect the author’s opinion and is subject to market conditions. Do your research before investing in cryptocurrencies. Neither the author nor the publication assumes responsibility for any personal financial loss.