The cryptocurrency market has been shaken lately by the rise of meme coin projects. After Dogwifhat (WIF) and other meme coins, now a meme coin called Thug (THUG) has become a major source of income for investors. Insider investors and investors using lottery tactics are making incredible profits on these coins.
There are incredible profits in these two meme coins
Recently, Solana-based meme coins have been creating a huge wave of excitement in the cryptocurrency market by generating incredible profits for their investors. Following Dogwifhat (WIF) and other meme coins, now a meme coin called Thug (THUG) has become a major source of profit for insider investors and investors using lottery tactics.
According to the information shared by Lookonchain, investors who knew the moment Thug’s developer added liquidity purchased 674 million Thug for 1,500 SOL ($225 thousand) through 4 wallets. They then managed to sell these Thugs for SOL 11,454 ($1.72 million), making a profit of $1.5 million in just 10 hours. Investors aimed to reduce the token supply and increase its price by burning the remaining 210 million Thug.
In the coin named AGORA, 30 dollars turned into 147 thousand dollars
Another investor made an incredible return by investing in meme coins like a lottery ticket. According to the information shared by the blockchain analysis platform Lookonchain, this investor invests small amounts of 0.1-0.2-0.3 SOL in each meme coin he chooses. This week, the investor invested 0.2 SOL ($30) in a meme coin called AGORA, and then sold 2 million AGORA for $100,000, multiplying his $30 to $147,000. This represents an incredible return of 4,906 percent.
Mem coins attract attention as investment instruments with high risk and high return potential. Methods such as insider information and lottery tactics make it possible to make huge profits in these coins in a short time. However, it is important to be careful and always consider risk when investing in meme coins. These coins have high volatility and can lose value suddenly. It is important to do detailed research before investing and only invest as much money as you can afford to lose. As we reported as Kriptokoin.com, investors should invest in line with their own research.
To stay up-to-date with the breaking news, follow us on Twitter, Facebook, and Instagram. Join our Telegram and YouTube channel
