Re: A Meme coin investor turned $8,000 Investment into Billion?
Today, I encountered an incredible meme coin success story in which an individual turned an $8,000 investment into a massive fortune of $5.7 billion. I'm wondering if it could actually be true.
It’s mathematically impossible to amass that kind of profit on a meme coin liquidity even on the biggest marketcap memecoin. 5.7$ B is already a daily trading volume which means there’s tons of buy and sell in able to achieve that while this guy claiming to turn his 8K to 5.7B is definitely hoax. There’s no meme coin so far that print that kind of profit unless he purchased DOGE during the initial release and sold at peak.
Also I doubt a billionaire will waste time sharing story in the internet while he can enjoy all his fortune silently without attracting potential attack on his finances. But this is 100% one fake story created for views in social media.
I think whoever invested in meme coin in super early phase can make that much of profit if they consistently scoring 1000x or more gain reinvest their money to other memes.but i'm sure if this kind of story is true, it won't flew under the radar, coverage from media seems very minimal, but I think with 8k investment super early into the meme coin, I think he'd maybe made a fortune worth of generational wealth.
not to mention if he really make that 5 billions profit, he'd probably gonna have a hard time cashing it out
because entire doge coin's worth is only 13 billion dollars and dumping 5 billion will certainly destroy doge coin market.
anyway, even if that's true, it's hard to replicate the success with current state of the meme coin.
..But it sure does seem like a dream come true
I agree with the fact that maybe that person didn't have a profit of 5B, but he profited a lot from that affair nevertheless.