A cryptocurrency trader saw their investment in the meme coin MOODENG increase by 500-fold in just one week. The trader initially invested $800 and earned $400,000 within seven days. MOODENG experienced a surge in value due to social media virality and is currently trading at $0.0163 with a 24-hour gain of almost 120%. The coin is named after a baby pygmy hippo that became an internet sensation. The success of meme coins on platforms like Solana has been growing, with traders leveraging viral entities to make a profit. However, not all meme coin investments have been successful, as highlighted by an investor whose $1 million bet in the coin MBAPPE drastically dropped in value within an hour.



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