Despite the rise of Bitcoin and popular altcoins, crypto investors find new mcoin coin They make big profits with their risky investments in . Traders have made profits of up to 10x their initial investment by investing their reserve capital in carefully selected low-cap altcoins.
Whales Get Caught in Meme Coin Wave
According to on-chain analytics platform Spot on Chain, crypto whales $PEPE, $WOJAK and $AIDOGE have made millions of dollars from a small investment.
$PEPE
An important whale PEPEinvested $251 in , and approximately $1.68 million in just four days won. Similarly, two different crypto whales invested about $2.1k and $3,000 in the same coin, earning $1.53 million and $1.39 million respectively.
1/4 $PEPE
NEWS CONTINUES BELOW1. Whale 0x4a2C786651229175407d3A2D405d1998bcf40614:
– Swapped 0.125 $ETH to 5.9T on Apr 15
– Cost: $251
– Hold all, now worth: $1.68M
– Expected profit: $1.68M2. Whale 0x069985cc108aC48847bCC9b3FAEe6e71aE8CCF33
– Swapped 1 $ETH to 5.4T $PEPE in wallet 0xeB5b on Apr… pic.twitter.com/rcg0XAsNGXNEWS CONTINUES BELOW— Spot On Chain (@spotonchain) April 19, 2023
$WOJAK
The on-chain platform has identified two different crypto whales that are making significant profits through the $WOJAK meme coin. Interestingly, the two crypto whales invested around $4,000 and $2,000, respectively, with $443k and $65k respectively. won.
According to market data provided by Binance-backed Coinmarketcap, as reported by Koinfinans.com, $WOJAK had a market cap of approximately $15,767,505 today and a 24-hour trading volume of approximately $59,424,111.
2/4 $WOJAK
1. A whale (likely the owner of 4 wallets below) swapped $ETH to $WOJAK via #uniswap 1 day 9 hrs ago
0x27848cb862d42af725dc8e340b86747d1e0c7d76
0.55ETH -> 494M $WOJAK0xc2c665f49674a7243909c6068fc17b88366d57e3
0.45ETH -> 439M $WOJAK… pic.twitter.com/sbghqlCHQz— Spot On Chain (@spotonchain) April 19, 2023
$AIDOGE
ArbDoge AI (AIDOGE), is a meme coin with a market cap of approximately $60 million and a 24-hour trading volume of approximately $194 million as of Wednesday. A crypto whale invested $72,000 in AIDOGE and earned nearly $210k in less than a day reported. It was noteworthy that the investor started trading right after the news about the $AIDOGE listing on the Huobi crypto exchange.
3/4 Whale 0x79d75e1f760223857929a6565d851c663e5fbf56
– Accumulated 701T $AIDOGE from MEXC 20hrs ago
– Cost: $72.5K
– Now worth: $210K
– Currently top 11 holders of $AIDOGEprobably the largest individual holder
– Profit: $137.5K (x 2.9 investments)
– Accumulated after news of listing… pic.twitter.com/1ZS7t7IGZT— Spot On Chain (@spotonchain) April 19, 2023
Meanwhile, cryptocurrency traders are warned about such trades as most of the earnings are unrealized gains and can be wiped out at any time due to high volatility.