© Reuters. Uncovering Meme Coin Trader’s Portfolio Who Made $1.6M Profit In One Year
Benzinga – DeFi Insider Dami-Defi in his latest social media post highlighted a meme coin trader’s secret.
Dami-Defi uncovered a trader’s portfolio who converted his $42,500 investment into $1.56 million within a year.
The biggest winner of the portfolio was Mog Coin (CRYPTO: MOG), which he entered into before the initial pump.
Within the first five days of opening trade, he accumulated more and more tokens. Before hitting the sell button, the trader accumulated $52,850 MOG tokens.
He still holds MOG and has a realized profit and loss (P&L) of +$544,030 and unrealized P&L of $1.3 million.
The second in place is Pepe (CRYPTO: PEPE) in which he entered four days after launch with initial investment of $66,390. He collected gains of $268,370 from his initial pump.
He re-entered Pepe and repeated MOG strategy: “buy when there is an opportunity, sell when there is an opportunity.” The realized profit and loss stand at +$349,240.
Currently, he is accumulating a bag of ZynCoin (CRYPTO: ZYN):
- Holding: 369,600 $ZYN ($27,500)
- Spent: $37,410
- PNL: -$9,910
Also Read: $10 Million In Slerf Meme Coins Get Burned By ‘Accident’ In Presale Rug Pull: Oops!
Why It Matters: Established meme coins, Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) are leading the board based on market capitalization. However, these coins are left behind in monthly and weekly gains as Pepe, Dogwifhat (CRYPTO: WIF), Floki (CRYPTO: FLOKI), Myro (CRYPTO: MYRO), Mog Coin lead the list.
While these threads highlight the trader’s strategy to earn maximum profits by a mix of a varied meme coins trading, a crypto venture coinist indicated how projects and communities launch meme coins within seconds with no proper backing.
Read Next: Why Can’t Dogecoin And Shiba Inu Keep Up With Other Meme Coins?
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