A shrewd trader has reportedly transformed a modest $1,331 investment into a staggering $9.5 million in just 16 days, achieving a 7,140x return by capitalizing on the early surge of MOODENG, a meme coin inspired by a viral baby hippo. The token’s rapid rise highlights the volatility and potential for profit within the meme coin market, which has seen a resurgence in popularity recently.
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A savvy cryptocurrency trader has cashed in on the viral popularity of ‘Moo Deng,’ a baby hippo taking the internet by storm, by investing in the meme coin MOODENG. The trader’s early investment has yielded a massive $392,200 profit as the coin’s value skyrocketed due to the adorable hippo’s online fame.