{"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":"
On September 10, the trader used the decentralized exchange Raydium, which operates on the Solana<\/a><\/strong> network, to 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 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 The success of MOODENG highlights a trend where traders capitalize on meme coins linked to viral internet phenomena.<\/p>\n