TL;DR
- A mysterious trader turned $35,000 into $44 million, despite the general decline in crypto markets.
- Arthur Hayes, co-founder of BitMEX and a prominent individual himself, endorsed the coin.
Crypto sector has suffered a major setback over the last few days. Leading digital assets like Bitcoin (BTC), and Ethereum (ETH), have been severely impacted. plunging Lows of several weeks. The market may have recovered some of its losses during the past several hours but most cryptos remain in red on a daily scale.
But there are exceptions. Cats in a Dogs World, a new meme coin based on Solana, is one of them.
In the past 24 hours the token has seen a price increase of over 40%, while its market cap is nearing $800,000,000. MEW currently ranks 131st in the world according to CoinGecko data. This is a great achievement, considering that the token only appeared a week before.
Last weekend, the token was in the news. it reached A new high. Arthur Hayes supported the rally by highlighting MEW’s performance in his X profile.
Earlier this week, the popular entrepreneur and crypto analyst – Lark Davis – revealed A mysterious trader turned $35,000.00 into $44 million dollars by using the asset.
Dogwifhat is another Solana meme coin which has helped investors to make millions of dollars. As CryptoPotato reported Last month, a person purchased about 2.5 million WIF Tokens for the year 2023. The purchase cost only $310. The collection is currently worth over $10 million.
It may seem like a good investment, but their volatility can cause you to suffer huge losses. Take a look below at the video dedicated to this topic to help you avoid common mistakes.
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Source: cryptopotato.com