A recently emerged meme coin based on Avalanche (AVAX) has made a name for itself with its rise. The rise of the coin benefited one investor in particular. Because, according to Lookonchain’s data, the trader in question managed to turn 454 dollars into an investment of over 2 million dollars. Here are the details of the transactions and the price change in meme coin…
Trader became a millionaire with the new meme coin
In a remarkable feat that sent shockwaves through the cryptocurrency community, one trader managed to turn a modest investment of $454 into a staggering $2.19 million in just two weeks by strategically trading COQ. This staggering 4827x gain caught the attention of crypto enthusiasts and demonstrated the potential to make significant profits in the volatile world of crypto assets.
The trader started the journey with a calculated move, allocating 17.26 AVAX (equivalent to $454) to 7 different addresses to obtain a significant amount of $COQ-4.86 trillion tokens. This strategic approach allowed for diversified transactions, potentially minimizing risks and maximizing returns. After accumulating 4.86 trillion COQ, the trader made a smart move by selling 4.61 trillion tokens. This resulted in a significant return of 32,251 AVAX, equivalent to approximately $1.26 million, along with $259,000USDC. Well-timed trades indicated the investor’s keen understanding of market dynamics.
Impressive profits received
As of the last update, the trader currently holds a significant position of 250 billion COQ worth approximately $700,000. The total profit from this venture was $2.19 million. This remarkable success story is a testament to the potential gains that can be made in the cryptocurrency market, albeit with a careful and strategic approach. The cryptocurrency world is known for its volatility, and success stories like these remind us of the potential rewards for those who act wisely. COQ continues to make headlines with a 108.6% increase in the last 24 hours. Meanwhile, investors and enthusiasts alike eagerly await the next big move in this ever-evolving market.
In its own words, COQ describes itself as the #1 meme coin on AVAX, founded by respected community members. The team said it specifically preferred a fair distribution model. Thus, he stated that the entire supply of the coin was realized with 150 AVAX in initial liquidity. The contract was completely waived and liquidity was burned, emphasizing transparency and community trust. Time will tell whether this meme coin project will hold on to the market in the coming period.
To be informed about the latest developments, follow us Twitter’in, Facebookin and InstagramFollow on . Telegram And YouTube Join our channel.