{"id":17367,"date":"2024-09-29T10:34:52","date_gmt":"2024-09-29T07:34:52","guid":{"rendered":"https:\/\/forklog.com\/en\/traders-815-investment-in-meme-coin-moodeng-soars-to-9-4-million\/"},"modified":"2024-09-29T10:34:52","modified_gmt":"2024-09-29T07:34:52","slug":"traders-815-investment-in-meme-coin-moodeng-soars-to-9-4-million","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/traders-815-investment-in-meme-coin-moodeng-soars-to-9-4-million\/","title":{"rendered":"Trader&#8217;s $815 Investment in Meme Coin MOODENG Soars to $9.4 Million"},"content":{"rendered":"<p>An investor spent 6 SOL ($815) to purchase 30.1 million Moo Deng (MOODENG) meme tokens in mid-September. These assets are now valued at $9.4 million, according to Lookonchain.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">This guy spent only 6 <a href=\"https:\/\/twitter.com\/search?q=%24SOL&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$SOL<\/a>($815) to buy 30.1M $MOODENG 17 days ago, now worth $9.4M, a 11,534x return! <a href=\"https:\/\/twitter.com\/hashtag\/Moodeng?src=hash&#038;ref_src=twsrc%5Etfw\">#Moodeng<\/a> <a href=\"https:\/\/t.co\/83CP9Vn3jb\">https:\/\/t.co\/83CP9Vn3jb<\/a> <a href=\"https:\/\/t.co\/zJpCFAr3rQ\">pic.twitter.com\/zJpCFAr3rQ<\/a><\/p>\n<p>\u2014 Lookonchain (@lookonchain) <a href=\"https:\/\/twitter.com\/lookonchain\/status\/1840076691026460993?ref_src=twsrc%5Etfw\">September 28, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Theoretically, he increased his investment by 11,534 times. However, commenters noted that the coin&#8217;s low market liquidity would prevent him from realizing the full potential profit.<\/p>\n<p>A trader known as BullsCafe highlighted that the actual market capitalization of MOODENG is only $1 million, with liquidity around $135,000. In his view, it is &#8220;mathematically impossible&#8221; to achieve a $9.4 million profit in this situation.<\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">? Exposing the $MOODENG Fake Hype ?<\/p>\n<p>Saw claims that 6 <a href=\"https:\/\/twitter.com\/search?q=%24SOL&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$SOL<\/a> ($815) magically turned into $9.4M with $MOODENG in just 17 days? Let\u2019s break down the reality behind this misleading hype:<\/p>\n<p>? **REAL Data**: The current market cap of $MOODENG is only $1M with liquidity around $135K.\u2026<\/p>\n<p>\u2014 BullsCafe (@BullsCafe22) <a href=\"https:\/\/twitter.com\/BullsCafe22\/status\/1840127611168797045?ref_src=twsrc%5Etfw\">September 28, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;This is a classic Pump &#038; Dump tactic used to lure novice traders with unrealistic returns,&#8221; stated BullsCafe.<\/p>\n<\/blockquote>\n<p>He added that the promotion of such topics by social media accounts with large followings only increases the number of scam victims.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;Countless meme coins are launched weekly, and many disappear overnight. They prey on dreams of instant wealth and destroy traders&#8217; investments,&#8221; the expert wrote.<\/p>\n<\/blockquote>\n<p>Earlier, analysts at Arkham noted the theoretical growth of the mentioned investor&#8217;s holdings in MOODENG, suggesting possible insider trading.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>An investor spent 6 SOL ($815) to purchase 30.1 million Moo Deng (MOODENG) meme tokens in mid-September. These assets are now valued at $9.4 million, according to Lookonchain. This guy spent only 6 $SOL($815) to buy 30.1M $MOODENG 17 days ago, now worth $9.4M, a 11,534x return! #Moodeng https:\/\/t.co\/83CP9Vn3jb pic.twitter.com\/zJpCFAr3rQ \u2014 Lookonchain (@lookonchain) September 28, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":17366,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1267,1161],"class_list":["post-17367","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-trading","tag-memes"],"aioseo_notices":[],"amp_enabled":true,"views":"10","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/17367","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=17367"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/17367\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/17366"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=17367"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=17367"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=17367"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}