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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

theunipcs.eth(@theunipcs), a diamond-handed believer!

He aped into $DOGE at $2.7M mc, spending 235 $ETH($584K) to buy 33.35M $DOGE($4.7M), with an unrealized profit of $4.12M!

He aped into $MAGA at $3M mc, spending 18.45 $ETH($57K) to buy 6.27B $MAGA($452K), with an unrealized… pic.twitter.com/QNeTC3ydT0

— Lookonchain (@lookonchain) November 8, 2024

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

Just In: $MOODENG has reached a new ATH. Remember the guys who invested $5.2M in #MOODENG and faced huge losses when $MOODENG dipped below a $100M market cap?

Well, the trader is now enjoying a profit of over $3M. The whale is still holding onto $MOODENG.

A real diamond hand… pic.twitter.com/kSjd6QAPqq

— Onchain Lens (@OnchainLens) November 10, 2024

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.

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