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Unidentified Trader Gains $150,000 Profit in 3 Hours from an Initial Investment of $2,956: Blockchain Examination
A fortunate trader transformed $3,000 in the new meme coin Pochita ($POCHITA) into $150,000 in under three hours, as indicated by on-chain data.
Blockchain investigator Kakashi (X handle: @KKashi_YT) brought attention to the transaction in a tweet last night UTC.
Over $150,000 profit in less than 3 hours. $Pochits pic.twitter.com/sAkngcW4CM
— Kakashi (@kkashi_yt) October 2, 2024
This is not the first instance of traders achieving significant gains in a very short period following their initial investment.
Other recent entrants like Moo Deng ($MOODENG), inspired by the viral baby hippo YouTube sensation from Thailand, and Neiro have been converting thousands into millions for recent investors after market sentiment improved following the Federal Reserve’s interest rate cut last month.
Details about Pochita remain scarce. The token has experienced a rapid and volatile ascent, with some sources referring to it as a successor to its $1.5 billion market cap counterpart Bonk ($BONK), the token that established Solana as a new hub for meme coins.
Pochita was launched yesterday and swiftly surged to a $20 million market cap within 9 hours, according to data from BitGet.
This all occurred amid declining crypto prices.
Global cryptocurrency markets shrank by 2.9% over the past 24 hours, resulting in a total market cap of $2.21 trillion.
The meme coin sector fell by 3.2% and is currently valued at $47.5 billion.
If Pochita Becomes a Top Meme Coin, It May Join Crypto All-Stars
Meme coins like Pochita are highly volatile, which implies that while they can be entertaining and often lucrative, their absence of clear fundamentals means they are frequently exploited for price increases.
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Meanwhile, in the emerging realm of token presales, investors are diversifying their holdings with protocol tokens that are introducing new utility and providing substantial rewards for meme coin holders.
One such initiative—a unified staking protocol for meme coin enthusiasts—is Crypto All-Stars ($STARS), an innovative platform that consolidates the most renowned meme coins in one location.
Holders of Pepe Coin, Dogecoin, Shiba Inu, Floki Inu, Based Brett, MogCoin, Milady, TurboToken, Toshi The Cat, Coq Inu, and BonkCoin can stake them in the MemeVault and earn passive income in the form of $STARS, with a current rewards rate set at 788%.
The team plans to incorporate additional meme coins in the future.
The team has designated 20% of the tokens for its presale; another 25% is allocated for presale staking, 20% for marketing, 10% for CEX/DEX listing, and the remaining 25% for the MemeVault ecosystem.
The project has gained significant traction, with its presale already raising over $1.9 million.
After the purchase, investors can start staking for rewards and claim the tokens once the presale concludes.
Visit the website to acquire $STARS using ETH, USDT, BNB, or even by card.
Follow Crypto All-Stars on social media – X (Twitter) | Telegram to stay informed about all updates.
Visit the Crypto All-Stars Presale Website Here
The post Mysterious Trader Makes $150,000 Profit in 3 Hours From Just $2,956: Blockchain Analysis appeared first on Cryptonews.
