Crypto trader turns a $291 investment into $750k in just 3 days, as many rake in profits in the memecoin space

Source Cryptopolitan

A crypto trader who took advantage of the new Trump Derangement Syndrome (TDS) memecoin has made about $750k from a $291 investment. The data provided by Onchain Lens revealed that the trader bought over 33 million TDS coins worth 1.54 SOL. The trader sold 1.51 million of his TDS investment, skyrocketing to 25 SOL worth about $4,803. 

The trader still remained with over 32 million TDS coins, worth about $744,000 at the token’s current valuation. on-chain Lens revealed that the trader’s total return on investment was 257,100%. The trader conducted the transactions on Solana’s growing memecoin launch platform Pump.fun.

The Trump Derangement Syndrome token is a new coin based on the mental condition of negative feelings toward the President-elect, Donald Trump. Trump, who won with a majority of pro-crypto representatives in the House of Representatives and Senate, has received mixed reactions about his win.

Nonetheless, the crypto space has benefited greatly from his win, with several coins rebounding and others hitting new all-time highs. The TDS memecoin has experienced significant growth since its launch, getting nearly a 300% price boost. The coin has, however, suffered notable losses today, dropping by nearly 30%, according to CoinGecko data. 

Another Trader earns millions from Musk-themed DOGE and MAGA memecoins

The Trump win in the November elections has boosted memecoins, including the Department of Government Efficiency (DOGE), Dogecoin, MAGA, and DJT. Another crypto trader known as the BONK Guy or Unipcs on X is among the few who have made significant profits from the rise in MAGA and DOGE prices.

Lookonchain, an online on-chain analytics firm, reported that BONK Guy had invested 234 ETH ($584,000) into over 33 million DOGE worth $4.7 million. At the time, DOGE’s market cap was  $2.7 million. The investment got an unrealized profit of $4.12 million. 

BONK Guy also invested in MAGA when the coin had a $3 million market cap. The trader spent nearly 19 ETH to purchase 6.27 billion MAGA, which is currently worth $452,000 and attained an unrealized profit of $395k. Lookonchain also highlighted that the investment would have been worth $4.4 million at MAGA’s peak. 

MOODENG memecoin hits new ATH

The Solana-based memecoin based on the Thai baby hippo Moodeng just hit a new all-time high today, reaching $0.3988. The coin continues on an upward trend, recording over 38% increase in the past 24 hours. The coin’s trading volume has also spiked today, increasing by nearly 60%.

Onchain Lens reported the memecoin’s increase, mentioning an investor who channeled over $5 million into the coin. The on-chain data firm also revealed that while the coin had slumped previously, the investor who held Moodeng was now in profits of over $3 million.  

The memecoin has notably benefited from the baby hippo who ‘correctly predicted’ Trump as the next president. The price is now up by over 1280% since its all-time low on September 21.

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Japan Q2 GDP Commentary: Growth Revised Upward, Yen May RiseLooking ahead, given Japan’s robust economic recovery and persistently high inflation, we expect the Bank of Japan to resume its rate-hiking cycle in October.
Author  TradingKey
12 hours ago
Looking ahead, given Japan’s robust economic recovery and persistently high inflation, we expect the Bank of Japan to resume its rate-hiking cycle in October.
placeholder
USD/CHF hits multi-week lows at 0.7950 amid higher hopes of Fed easingThe US Dollar trades lower for the second consecutive day against the Swiss Franc on Monday.
Author  FXStreet
12 hours ago
The US Dollar trades lower for the second consecutive day against the Swiss Franc on Monday.
placeholder
Gold pierces $3,600 mark as traders weigh Fed rate-cut betsGold prices rose to a record high on Monday, breaking through a key $3,600 level.
Author  Reuters
12 hours ago
Gold prices rose to a record high on Monday, breaking through a key $3,600 level.
placeholder
Why Are Bitcoin Prices Still Sluggish Despite Soaring Fed Rate Cut Expectations?Persistent inflation is capping risk appetite, and whales are offloading Bitcoin en masse.
Author  FXStreet
12 hours ago
Persistent inflation is capping risk appetite, and whales are offloading Bitcoin en masse.
placeholder
3 Red Flags for XRP in September That Could Derail a 2025 Price RallyDespite many positive predictions for XRP’s price in 2025, several on-chain data points reveal a different picture.
Author  Beincrypto
12 hours ago
Despite many positive predictions for XRP’s price in 2025, several on-chain data points reveal a different picture.
goTop
quote