{"id":137473,"date":"2024-09-19T10:00:41","date_gmt":"2024-09-19T07:00:41","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=137473"},"modified":"2024-09-18T16:32:10","modified_gmt":"2024-09-18T13:32:10","slug":"crypto-trader-makes-50000-profit-on-memecoin-investment","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/crypto-trader-makes-50000-profit-on-memecoin-investment\/","title":{"rendered":"Crypto Trader Makes 50,000% Profit on Memecoin Investment"},"content":{"rendered":"<p>On September 10, the trader used the decentralized exchange Raydium, which operates on the <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/solana\/\">Solana<\/a><\/strong> network, to <strong><a href=\"https:\/\/x.com\/ArkhamIntel\/status\/1836079435738681603\" rel=\"nofollow\">swap<\/a><\/strong> 6 SOL for MOODENG tokens. The investment saw a dramatic 500-fold increase as MOODENG\u2019s value surged due to social media hype.<\/p>\n<p>As of September 17, MOODENG is trading at $0.0163, marking a 120% gain in just 24 hours. The coin\u2019s name derives from a baby pygmy hippo from Thailand that has gained internet fame, fueling the coin\u2019s meme-driven popularity.<\/p>\n<p>The success of MOODENG highlights a trend where traders capitalize on meme coins linked to viral internet phenomena.<\/p>\n<p><div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1\">Read More:<\/h5>\n    <a class=\"article row post-137460\" href=\"https:\/\/cryptodnes.bg\/en\/revolut-to-launch-its-own-stablecoin-as-it-expands-crypto-services\/\" title=\"Revolut to Launch Its Own Stablecoin as It Expands Crypto Services\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/revolut-logo-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Revolut to Launch Its Own Stablecoin as It Expands Crypto Services<\/h4>\n        <\/div>\n    <\/a>\n<\/div>\n<\/p>\n<p>For instance, another trader recently turned $16,550 into $1.8 million with the First Neiro (NEIRO) coin, inspired by a <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/shiba-inu\/\">Shiba Inu<\/a> <\/strong>connected to the <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/dogecoin\/\">Dogecoin<\/a><\/strong> mascot.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A cryptocurrency trader turned an $800 investment into $400,000 in just one week by trading the meme coin Moo Deng (MOODENG).<\/p>\n","protected":false},"author":7,"featured_media":44185,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[24],"tags":[109,289,374,266],"coin_category":[],"class_list":["post-137473","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins","tag-dogecoin","tag-meme-coins","tag-shiba-inu","tag-solana"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Crypto Trader Makes 50,000% Profit on Memecoin Investment<\/title>\n<meta name=\"description\" content=\"A cryptocurrency trader turned an $800 investment into $400,000 in just one week by trading the meme coin Moo Deng (MOODENG).\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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