Benzinga – A cryptocurrency trader transformed an investment of $13,000 into more than $2 million, making a 15,700% gain in a single day by trading a new memecoin named Donotfomoew (CRYPTO: MOEW). This token was recently released on the Base blockchain platform.
What Happened: According to Lookonchain, a blockchain analytics firm, the trader acquired approximately 499.9 million MOEW for 4 Ethereum (CRYPTO: ETH) only ten minutes after MOEW was made available on decentralized exchanges (DEXs).
In less than 1 hour, this guy turned $13K into $2M, a gain of 158x!
He spotted $MOEW 10 minutes after opening trading and spent 4 $ETH($13K) to buy 499.9M $MOEW.
Then he sold 111.65M $MOEW for 99 $ETH($328K).
He currently holds 388.24M $MOEW, worth $1.76M.… pic.twitter.com/DFRGOYh8ZM
— Lookonchain (@lookonchain) April 3, 2024
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