A cryptocurrency owner managed to increase his own profit 154 times thanks to a little-known digital token

Editor’s note: Not financial advice!

In less than an hour, a cryptocurrency trader turned $ 13,000 of his investment into $ 2 million in earnings. He managed to do this by transacting with the MOEW memo token on the Base network. This was noticed by Lookonchain analysts.

The wallet bought MOEW 10 minutes after the opening of trading and spent 4 ETH to buy 499.9 million MOEW. It then sold 111.65 million MOEW for 99 ETH ($ 328,000) and continues to hold the rest.

Earlier, we reported that a crypto trader managed to earn $ 3.4 million by investing in a new memecoin launched on the basis of Coinbase 's second-tier Ethereum (ETH) scaling solution Base. By purchasing Degen (DEGEN) tokens for $ 113,000, the investor increased his profit to $ 3.4 million.

Also, a few days ago, it became known about a user who made a 308-fold profit by using 3 ETH worth $ 6991 in January to purchase Degen (DEGEN).