Cryptocurrency analysts name the tokens that brought investors millions in profit in December

Editor’s note: not financial advice!

According to traders, sometimes it takes a few days to make a million dollars on the crypto market. In December, many investors multiplied their profits by investing in memtokens. Among the assets that brought their owners millions: Coq Inu, Dogwifhat, MobileCoin, Multibit, and Bonk.

Coq Inu (COQ)
The memcoin of the Coq Inu project. Lookonchain analysts have identified an investor who earned about $ 2.5 million on the cryptocurrency in 10 days. The crypto community member started buying COQ on December 10. In total, he spent almost $ 600,000 in USDC stablecoins on the tokens. As a result, he has 883 billion Coq Inu at his disposal. As the COQ exchange rate grew, the market participant’s $ 600,000 investment turned into $ 2.5 million.

Dogwifhat (WIF)
A memtoken on the Solana blockchain. The symbol of the project is a dog in a hat. According to Lookonchain, one of the investors managed to turn $ 226,000 invested in WIF into $ 1.69 million in just 5 days. The market participant bought memecoin between December 13 and 15, 2023. After 5 days, the coin increased significantly in price and brought him a net profit of $ 1.47 million.

MobileCoin (MOB)
MobileCoin is a decentralized payment platform. In December 2023, one of the token’s investors became a millionaire. According to Lookonchain, the crypto community member bought 647.7 million MOB for $ 142,000 in October 2023. Three months later, in December, he sold 400 million MobileCoins for $ 1.19 million.

Multibit (MUBI)
Multibit is a bridge for transferring BRC20 and ERC20 tokens. Lookonchain analysts found that the project’s token helped one of its investors become a millionaire in December. In 25 days, the user invested in 7 tokens, but MUBI brought him the most profit. He bought 9.36 million Multibits for $ 398,000. By December 16, the coin brought the investor $ 2.8 million in profit.

Bonk (BONK)
A memcoin with a dog as its main character. Lookonchain analysts found that on December 15, one of the users sold 166 billion BONK for $ 4.55 million amid Binance 's announcement of the coin’s listing. According to their calculations, the investor’s net profit amounted to $ 4.4 million.

It is worth noting that the growth of the Bonk token, launched on the Solana blockchain, has led to a sharp increase in phone sales. Over the past 30 days, BONK has grown by more than 1100%, which encouraged people to buy Solana Saga smartphones. The owners of the new phones had the opportunity to receive 30 million BONK as part of the airdrop. This created an opportunity for arbitrage, as the value of the airdrop exceeded the value of the phone itself.