The Investor Who Lost 85 Percent in Shiba Inu Bought a New Altcoin: He May Have Bought It at the Top Again!

meme tokens While it continues to be popular among investors, it brings in millions of dollars with its rise.

However, due to their volatile nature, mem tokens can cause large losses as well as gains. At this point, the timing of investments in meme tokens is important.

According to Lookonchain’s post, an investor lost $2.55 million (85.5%) in Shiba Inu (SHIB). However, this investor did not give up and invested in a new meme token.

When we look at this investor’s transactions, it is seen that he buys at the top and sells at the bottom.

SHIB67B from OKX, investor who lost $2.55 million in PEPE Bought it (valued at $1.02 million).

Looking at the SHIB transaction, this investor bought during the period when SHIB was rallying, but then sold with an 85% loss. At this point, PEPE has also been experiencing a rally recently, so this investor seems to have bought PEPE, also a meme token, at peak levels.

Unfortunate investor this time PEPE’Will he be able to make money from?

Someone withdrew 67B $PEPE($1.02M) from #OKX 30 mins ago

It is worth noting that this guy lost $2.55M($-85.5%) in $SHIB before.

He bought 40.9B $SHIB($2.98M) at high price points during the bull market, and when the bear market came, he sold all of it at a loss.

Can he make… pic.twitter.com/qo0dRbSVXF

— Lookonchain (@lookonchain) May 29, 2024

1.197x Earnings on WIF!

Another investor is another popular meme token WIF He made a 1,197x return on his investment. Accordingly, an investor purchased 6.1 million WIFs by spending only $ 5,879 on December 8, 2023. The investor then intermittently sold 4.7 million WIFs and made a profit of $1.57 million.

This investment still holds 1.4 million dollars worth $5.47 million. WIF is available. This means that the investor made a profit of $7 million, or 1.197x, from his WIF investment.

every time $WIF goes up, this 1,000x winner sells part of $WIF for profit

He spent only $5,879 to buy 6.1M $WIF($23.7M currently) on Dec 8, 2023 and then sold 4.7M $WIF($1.57M) successively.

He still has 1.4M $WIF left, worth $5.47M.

His profit on $WIF is ~$7M, a gain of… pic.twitter.com/iSZDVoYhhQ

— Lookonchain (@lookonchain) May 29, 2024

*This is not investment advice.