CandleFocus Memecoin Trader Losses $5M of Unrealized Profit
2024-10-01
Author: Content Editor
A crypto trader known as Db3P gained attention after turning $800 into $10 million by investing in the meme token MOODENG. However, the trader recently experienced a significant loss of $5 million in unrealized profit. On-chain analytics firm Arkham Intelligence provided updates on the trader's activity on social media. Db3P's gains attracted praise from the crypto community, but the value of MOODENG declined after its appearance on Saturday Night Live, resulting in the trader's loss. This rollercoaster journey highlights the volatility of meme tokens and the potential for rapid gains and downturns.
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