A cryptocurrency trader turned $454 into a $2.19 million fortune by trading Coq Inu ($COQ), a meme-inspired cryptocurrency based on Avalanche. In just a week, the price surged over 170%.
Blockchain analysis service Lookonchain reveals that the trader achieved an astonishing 4827x gains in a mere two weeks. They initially spent 17.26 AVAX tokens, equivalent to $454, to acquire 4.86 trillion COQ tokens across seven different addresses.
Following their impressive gains, the trader decided to cash out a portion of their profits. They sold 4.61 trillion COQ tokens and received 32,251 AVAX and $259,000 in return. Despite this, they still hold onto 250 billion COQ tokens in their wallet, valued at over $700,000, suggesting their anticipation for further price appreciation of this hen-themed token.
The trader's remarkable success coincides with the soaring popularity of Solana-based memecoins. In particular, BONK's price has skyrocketed, causing a surge in demand. As a result, Solana's Saga smartphone, which initially faced sluggish sales, recently sold out after offering a lucrative 30 billion token airdrop exclusively for phone owners.
During the airdrop's peak, the price of BONK surpassed that of the smartphone, creating a profitable opportunity for individuals to purchase the Saga phone solely for the tokens it offered. According to CryptoGlobe, a trader has capitalized on the recent listing of the token on major cryptocurrency exchanges Binance and Coinbase. They were able to generate a profit of approximately $784,000 through their successful trading activities.
In an attempt to stabilize the value of the digital asset, BONK conducted a token burn earlier this year. They eliminated a total of 5 trillion allocated tokens, which occurred during a period when the price of the cryptocurrency experienced a decline following its initial surge.
Luigi D'Onorio DeMeo’s X account was hacked on 19 August 2024, and used to promote a fake Pokémon-themed memecoin, PIKA, in a pump-and-dump scheme. The hackers gained access through a phishing email and quickly spread malicious links, exploiting DeMeo’s reputation before the scam was detected.
AnaisMapleStory Universe integrates blockchain technology into the beloved MMORPG, offering players ownership of in-game assets through NFTs and a shift from traditional cash shops to earn-to-play mechanics. Nexon's $100 million investment and strategic move to Avalanche highlights its commitment to revolutionising gaming with transparency and community-driven experiences.
WeatherlyLuna Foundation Guard's significant token transfer raises eyebrows. AVAX and BNB struggle post-shift. LFG prioritizes fund security, transparency with custody solution plans.
Xu LinAnalyst Kaleo predicts a surge for Theta Network, TraderJoe, and BNB/BTC based on market analysis. While his projections offer potential gains, investors should approach with caution and conduct thorough research.
BerniceAVAX experiences a notable surge of 9% following the announcement of its collaboration with Chainlink and ANZ Group. This partnership aims to enhance the interoperability and settlement efficiency of tokenized assets across Avalanche and Ethereum blockchains. ANZ's utilization of Avalanche's Evergreen Subnet further underscores the exploration of innovative blockchain solutions by traditional financial institutions. Despite AVAX's impressive performance, potential resistance around $60 suggests a period of consolidation may follow, emphasizing a cautious outlook amid its upward momentum.
SanyaAvalanche blockchain experiences downtime, with no new blocks for over an hour. Developers respond promptly, investigating the issue. AVAX token price drops by 2.1% but remains relatively resilient compared to other altcoins.
EdmundThe Avalanche-based inscription token now has over $43 million USD in market cap, and mints at more than $2 per mint.
AlexThe often overlooked altcoin will experience a significant increase in value, nearly tripling its current worth.
ZoeyAvalanche overtakes Dogecoin in the cryptocurrency market rankings, with its market capitalization reaching $14.23 billion amid a series of positive developments and investor interest.
Xu LinBerniceMay 22 is "Bitcoin Pizza Day," commemorating the historic event in 2010 when 10,000 bitcoins were used to purchase two Papa John's pizzas. From $41 worth of pizza to $700 million in wealth, Bitcoin's price surge over the past 15 years has proven it to be the best-performing financial asset in history.
MiyukiKeep this in mind when turmoil intensifies and the narrative of Bitcoin as a currency begins to form.
JinseFinanceBitcoin is an ultra-secure asset. As an ultra-safe asset, Bitcoin’s supply curve is closer to the inelastic level (S0) than every other known commodity and monetary good!
JinseFinanceBitcoin's price has been soaring since its launch in 2008. Early investors are now reaping returns in the millions of dollars. Nevertheless, its volatility and regulatory uncertainty remain significant risks for investors.
BerniceMATIC, the native cryptocurrency of Polygon, has recently gained traction, showing a 50% increase in price surge in the last 20 days, amid the optimistic trend circling the cryptocurrency market due to the recently finished Uptober rally.
BitcoinworldBitcoinworldOne filing also alleged that Bahamian regulators asked Sam Bankman-Fried to gain unauthorized access to funds.
BeincryptoThe Crema Finance team awarded the hacker who made off with nearly $10 million in funds from the protocol 16.7% of the stolen funds as a white hat bounty.
CointelegraphThe U.S. dollar currency index breaks through resistance to hit its highest level since 2002 — to the detriment of practically everything.
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