Cryptocurrency markets have been witnessing an exciting time lately with the rise of various meme coins. During this period, knowledgeable and experienced traders can achieve incredible returns with the right moves. A name we have heard frequently lately is James Wynn, known as jwynn.eth on Twitter. Wynn has attracted attention in the crypto world with a dazzling success story.
Wynn realized the potential of meme coin Pepe (PEPE) early in his adventure, which started with a very small investment. He took his first step and purchased 2.83 trillion PEPE by investing $8,524. However, this was just the beginning; Wynn took action to achieve huge profits with his bold and strategic moves.
By timing the increase in Pepe’s price at the right time, Wynn made a remarkable profit by selling 1.81 trillion PEPE for $4.57 million in a few weeks. However, Wynn’s story doesn’t end there; Since then, it has continued to grow its investment in Pepe and fully exploit its potential.
2/ jwynn.eth spent $8,524 to buy 2.83T $PEPE in the early stage and sold 1.81T $PEPE for $4.57M.
NEWS CONTINUES BELOWHe currently holds 1.02T $PEPE($8.25M) in 3 wallets.
The total profit on $PEPE is ~12.8M, a gain of 1,503x!https://t.co/cFD6jtyYmwhttps://t.co/9gOd0gKrhRhttps://t.co/hzEOcaKCXY pic.twitter.com/BVxZqeBm0G
NEWS CONTINUES BELOW— Lookonchain (@lookonchain) April 24, 2024
Wynn, which currently holds a total of 1.02 trillion PEPE ($8.25 million worth) in three different wallets, is still expecting a huge increase in Pepe’s potential. According to the data, his total profit so far is ~$12.8 million, which is an incredible 1,503 times his initial investment. This is a return that is rare in the crypto world and often only dreamed of.
lookonchain also noticed that another smart investor was making huge profits by trading Book of Meme (BOME), a newer meme coin launched on Solana (SOL).
“This trader made over $2 million trading meme coins! Not an insider! Let’s see how real investors trade meme coins…
He made the most money from BOME, earning 6,495 SOL ($1.23 million). He spent 300 SOL to buy BOME and sold it for 6,795 SOL. After Binance announced the listing of BOME, he spent SOL 3,000 to buy BOME from DEX (decentralized exchange) and deposited it to Binance for sale.”
These enormous returns show how big profits can be made in the cryptocurrency world. However, the risks as well as the returns of such investments should be taken into consideration. Achieving success in the cryptocurrency markets is possible by managing risks with strategic moves based on accurate information.
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