A trader made 1.3M after buying 6 SOL ($800) worth of Moodeng. The news was shared by Arkham in an X post today, on September 23.
Earlier, the same trader made $400k from the 6 SOL on Moodeng on September 17th. As of today, he has reached up to $1.3M.
While the trader’s meme coin gamble was standing at $400k on September 17, it has now gone almost 3.5X to reach $1.3 million at press time.
TRADER TURNS $800 INTO $1.3M
— Arkham (@ArkhamIntel) September 23, 2024
Remember this guy?
Trader Db3p turned 6 SOL ($800) into $400K in our last post.
He’s now up to $1.3M. https://t.co/Pnm3TFi9HR
Trader Db3p holds 5.96 million MOODENG now
Data from Solscan shows that trade Db3p currently holds 5.96 million MOODENG. The value of current holdings is around $277,850.
A closer look at the trader’s wallet shows that he or she has several other meme coin holdings alongside MOODENG.
The second largest holding in the trader’s wallet is a meme coin called SOY. The value of his SOY stash is around $8300 now. A deep dive on X feed also exposed us to another wallet address that made over a million trading meme coins.
Similar to the Db3p trader, this wallet spotted MOODENG when it was around $10,000 MC. Ever since the purchase, the trader made over $400,000. A few days ago, the same wallet made another $1,000 purchase at an average price of $0.00003.
Viral Thai baby hippo inspired MOODENG
Moo Deng is a recently launched meme coin. This coin draws inspiration from the viral popularity of a baby pygmy hippopotamus with the same name at Khao Kheow Open Zoo in Thailand.
The baby hippo became an internet sensation for her playful actions. The coin was launched with an aim to capitalize on the hippo’s popularity.
According to data from Dex Screener, MOODENG has a market cap of $44 million and is trading at $0.044 at press time. However, after an impressive pump, the coin is showing signs of cooling down.
Investors should be cautious while pooling in their money in these meme coins, as their trajectory is quite unpredictable.
Additional reporting by Noor Bazmi
