Meme coins have been a hot topic of discussion in the cryptocurrency space, with many investors looking for the next big investment opportunity. Unfortunately, the records indicate a different story, as it appears to be a risky venture with a high chance of losses. Lookonchain, a blockchain analytics platform, recently analyzed the records of a trader known as "0xSisyphus". It was found that this trader had made losses on 12 coins in the last 30 days, and in the process lost 12.62 ETH ($24K). He had also spent 2.2 ETH ($4K) on transaction fees during this period. Another example is of a trader who lost 100 ETH ($190K) when he invested in LADYS. In addition to investments, he had also withdrawn 174 ETH ($321K) and purchased 2T LADYS worth $0.0000001504. However, he only made $130K when he sold it at a lower price point at $0.00000006142. These examples indicate the volatility and risk associated with investing in meme coins.

However, there are exceptions where some traders have made significant profits through meme coins. One such example is 'SmartMoney' who made 1,219 ETH ($2.2M) through PEPE. He spent 1,173 ETH ($2.1M) to repurchase 1.33T PEPE at $0.000001586. He then bought 2.24T PEPE with 26 ETH ($48K) at $0.00000002166 and sold it for 1,245 ETH ($2.24M) at $0.0000009985, resulting in a 48x return. Even though these gains indicate a profitable investment venture, it is important to understand the risks that come along with investing meme coins.

Overall, investing in meme coins is a risky business and requires a lot of caution. Considering the monetary losses caused by most investor in meme coins, it is advised to make well-informed decisions before investing. Furthermore, investors must also be mindful of transaction fees as they can eat a significant portion of your profits.



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