One trader achieved an impressive financial result by investing in the meme coin 114514. In a short period of 11 days, he managed to increase his deposit by over 6800 times, purchasing 45.58 million tokens for just $321.
This is reported by Business • Media
Explosive Growth and Profit-Taking Risks
The trader’s portfolio grew to $2.18 million; however, he has not yet realized his profits. Based on current market prices, the value of the assets is estimated at over $1.1 million. However, the situation has its nuances: users of platform X (formerly Twitter) noted that the corresponding liquidity pool contains only $854,000. Experts warn that attempting to sell even $50,000 worth of tokens could significantly impact the market price and cause it to crash.
“According to commentators, selling even $50,000 could significantly crash the token’s price.”
Meme Coins: Trends and Records
Meme coins remain in the spotlight of the cryptocurrency community due to their volatility and the potential for quick profits. Previously, there were reports of a trader who managed to increase his deposit by 20 times by investing in the PIPPIN token. Such stories inspire new market participants but also highlight the high risks of such investments.
