Date: Sat, Sept 28, 2024, 10:58 AM GMT
In the cryptocurrency market, timing can make or break fortunes. Unfortunately for one early investor in the Solana-based memecoin, MOODENG, selling too soon has cost him a staggering $6.3 million in potential gains.
According to data from Lookonchain, this investor purchased 21 million $MOODENG for just 26 SOL ($3,537) shortly after the coin launched. At the time, $MOODENG had a modest market cap of $210,000. However, when the memecoin’s price dropped, panic set in, and the investor sold his entire holdings for just 2.19 SOL—around $297 at the time.
Fast forward to today, and that same 21 million $MOODENG is now worth an astonishing $6.3 million! MOODENG’s price has soared to $0.3269, experiencing a 72% surge in the past 24 hours alone and a massive 880% rise in the last week. Its current market cap stands at $323 million.
Inspired by a baby pygmy hippopotamus that gained viral fame at Khao Kheow Open Zoo in Thailand, MOODENG has charmed the crypto world. Its quirky branding has helped it secure listings on major exchanges like MEXC, Bitget, Kucoin, and Bitmart, further boosting its visibility and price.
This story serves as a harsh reminder of the risks and rewards in crypto trading. Sometimes, patience is key.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always do your own research before making any investment decisions.
Also Read: $MOODENG Memecoin Turns $1,331 into $9.5M in Record Time—Here’s How It Happened