{"id":644310,"date":"2024-09-24T23:00:25","date_gmt":"2024-09-24T23:00:25","guid":{"rendered":"https:\/\/ktsl888.com\/?p=644310"},"modified":"2024-09-24T14:39:31","modified_gmt":"2024-09-24T14:39:31","slug":"meme-coin-trader-turns-800-into-over-1-3-million-after-aping-on-moodeng","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/meme-coins\/meme-coin-trader-turns-800-into-over-1-3-million-after-aping-on-moodeng\/","title":{"rendered":"Meme Coin Trader Turns $800 Into Over $1.3 Million After Aping on MooDeng"},"content":{"rendered":"

Some top coins of Solana, Bitcoin, and even Ethereum are edging higher. However, while holders are barely up double digits over the past week, a meme coin trader on Solana is swimming in profits at spot rates.<\/span><\/p>\n

MooDeng Trader Turns $800 To $1.3 Million<\/span><\/h2>\n

According to Arkham, a blockchain intelligence platform, the trader, who got in early, scooping $800 worth of MooDeng, a meme coin in Solana, has seen the investment <\/span>swell<\/span><\/a> to over $1.3 million roughly two weeks after buying.\u00a0\u00a0<\/span><\/p>\n

Related Reading: Analyst Warns Of Short Squeeze as Bitcoin Futures Market Heats Up<\/a><\/p>\n

The address, also the largest holder of the MoonDeng meme coin, had already seen the initial investment soar by over 500X by September 17, rising to nearly $400,000. However, a week later, that same investment is up, rising to $1.3 million on September 24.<\/span><\/p>\n

\"Meme
Meme coin trader buys $800 worth of MooDeng | Source: @ArkhamIntel via X<\/figcaption><\/figure>\n

A glance at MooDeng’s price action shows that the token is inching higher. Notably, this superb performance coincides with a sharp change in fundamental factors following the interest cut by the United States Federal Reserve. <\/span><\/p>\n

\"Solana<\/a>
Solana price trending upward on the daily chart | Source: SOLUSDT on Binance, TradingView<\/a><\/figcaption><\/figure>\n

Following the 50 basis point reduction, Ethereum, Solana, and Bitcoin<\/a> have been firm, shaking off weakness. Specifically, the revival of Solana prices from September lows has been a reprieve for some of its ecosystem tokens, especially meme coins.<\/span><\/p>\n

Solana Meme Coin Ecosystem Recovering<\/span><\/h2>\n

Over the last week, Solana has added nearly 11%, according to Coingecko <\/span>data<\/span><\/a>. The expansion has also seen the total market cap of Solana meme coins rise to $7.2 billion, adding 8% in the past 24 hours. <\/span><\/p>\n

Out of this, DogWifHat (WIF) is the largest meme coin on Solana, commanding a market cap of over $1.8 billion. However, the only other meme coin on this network with a market cap exceeding $1 billion is Bonk, at $1.2 billion. <\/span><\/p>\n

Related Reading: Bitcoin (BTC) On Track For \u2018Strongest September Performance\u2019, Is $90,000 Next?<\/a><\/div>\n

Interestingly, scanning through the top 50 meme coins on Solana, MooDeng, despite its performance, doesn’t feature. Currently, looking at Coingecko, MooDeng is up 48% over the last day, attracting a 24-hour trading volume of over $29.4 million. <\/span><\/p>\n

\"MooDeng
MooDeng price action | Source: Gecko Terminal<\/figcaption><\/figure>\n

Gecko Terminal data <\/span>shows<\/span><\/a> over 9,800 holders, and each token is changing hands at around $0.06, translating to over $63 million in market cap. Even with the uptick in trading volume and prices, MooDeng is mostly traded on Raydium, a DEX on Solana. <\/span><\/p>\n

Feature image from DALLE, chart from TradingView<\/div>\n","protected":false},"excerpt":{"rendered":"

Some top coins of Solana, Bitcoin, and even Ethereum are edging higher. However, while holders are barely up double digits over the past week, a meme coin trader on Solana is swimming in profits at spot rates. MooDeng Trader Turns $800 To $1.3 Million According to Arkham, a blockchain intelligence platform, the trader, who got in early, scooping $800 worth of MooDeng, a meme coin in Solana, has seen the investment swell to over $1.3 million roughly two weeks after buying.\u00a0\u00a0 Related Reading: Analyst Warns Of Short Squeeze as Bitcoin Futures Market Heats Up The address, also the largest holder of the MoonDeng meme coin, had already seen the initial investment soar by over 500X by September 17, rising to nearly $400,000. However, a week later, that same investment is up, rising to $1.3 million on September 24. A glance at MooDeng’s price action shows that the token is inching higher. Notably, this superb performance coincides with a sharp change in fundamental factors following the interest cut by the United States Federal Reserve. Following the 50 basis point reduction, Ethereum, Solana, and Bitcoin have been firm, shaking off weakness. Specifically, the revival of Solana prices from September lows has been a reprieve for some of its ecosystem tokens, especially meme coins. Solana Meme Coin Ecosystem Recovering Over the last week, Solana has added nearly 11%, according to Coingecko data. The expansion has also seen the total market cap of Solana meme coins rise to $7.2 billion, adding 8% in the past 24 hours. Out of this, DogWifHat (WIF) is the largest meme coin on Solana, commanding a market cap of over $1.8 billion. However, the only other meme coin on this network with a market cap exceeding $1 billion is Bonk, at $1.2 billion. Related Reading: Bitcoin (BTC) On Track For \u2018Strongest September Performance\u2019, Is $90,000 Next? Interestingly, scanning through the top 50 meme coins on Solana, MooDeng, despite its performance, doesn’t feature. Currently, looking at Coingecko, MooDeng is up 48% over the last day, attracting a 24-hour trading volume of over $29.4 million. Gecko Terminal data shows over 9,800 holders, and each token is changing hands at around $0.06, translating to over $63 million in market cap. Even with the uptick in trading volume and prices, MooDeng is mostly traded on Raydium, a DEX on Solana. Feature image from DALLE, chart from TradingView<\/p>\n","protected":false},"author":384,"featured_media":630516,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[91895],"tags":[92459,83767,93090,88352,12837,83626,83627],"class_list":["post-644310","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-meme-coins","tag-meme-coin-trading","tag-meme-coins","tag-moodeng","tag-raydium","tag-sol","tag-solana","tag-solusdt"],"acf":[],"yoast_head":"\nMeme Coin Trader Turns $800 Into Over $1.3 Million After Aping on MooDeng<\/title>\n<meta name=\"description\" content=\"Meme coin trader who aped in early, buying just $800 worth of MooDeng is now up $1.3 million, realizing over 1000X in profits\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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His analysis wasn't just dry facts and figures; it crackled with insight, dissecting the implications of the partnership and its potential impact on the future of finance. His deep understanding of the financial markets, technological advancements, and blockchain developments has made him a respected voice in the industry. Dalmas is also the founder of BTC-Pulse, a crypto news site, further demonstrating his commitment to the field. He firmly believes that DeFi and NFTs are here to stay and will continue to drive financial inclusion. Coming from Nairobi, Kenya, it is easy to see the source of his inspiration: Across Africa, millions lack access to traditional banks. Remote villages, limited documentation, and high minimum balances create insurmountable barriers. DeFi, not just Maker or Aave, for example, but think of Bitcoin and USDT, cuts out the middleman. Forget banks with their limitations. Even so, DeFi isn't a magic solution. The continent still struggles with reliable internet access, and educational campaigns highlighting the benefits of this wonderful solution are insufficient. Moreover, even for those interested, understanding DeFi can look like learning a new language. Dalmas is here to help make the tech easy to understand and digestible, even for beginners. The story of DeFi in Africa is still being written. Challenges abound, but the promise of a more inclusive financial future is a powerful motivator. With innovation and collaboration, Dalmas firmly believes that DeFi could become the key to unlocking Africa's full economic potential. This possibility and its immense value motivate Dalmas to continue breaking key DeFi innovations and more across the globe. His engineering background further enhances his ability to deliver well-thought-out pieces that blend technical insight with clear, impactful reporting. Beyond his professional achievements, Dalmas is deeply passionate about technology and politics. Policies drive adoption, and being at the forefront and keeping up with how they evolve is crucial for the sphere to mature. When Dalmas is not closely monitoring the latest crypto events, he can be found in nature, exploring the picturesque countryside, and traveling with his family and friends. His love for adventure and discovery perfectly complements his investigative and reporting skills. 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