Who knew that a crypto coin featuring an adorable pig could prove to be so profitable? A cryptocurrency user has reportedly become a multimillionaire in just 17 days after they invested Rs 1 lakh in the newly launched Moo Deng meme coin. Taking to X, Lookonchain, an account that focuses on blockchain investment, pointed out that an investor acquired 9.8 Solana tokens equivalent to $1.3K to purchase Moodeng.
The tokens were purchased on September 10, and the investor subsequently sold $104K worth of Moodeng for $17.9K on September 27, resulting in a profit of $38.64 million. Due to the significant rise in price of this memecoin, their holdings valued over $12 million by September 28. Thus, within just 17 days, an investment of Rs 1 lakh grew to more than Rs 100 crore.
Just How Profitable Is The Moodeng Coin?
Seasoned traders however are skeptical of the trustworthiness of the user. As per a report by Coingape, several traders are…
