Here’s How a Memecoin Trader Earned $625K with a 54.5% Win Rate

A memecoin trader has achieved significant success by turning speculative investments into substantial gains. The trader’s success was primarily driven by the sharp rise in the value of REDO, a memecoin that surged approximately 200% following the TON blockchain’s decision to rebrand its logo to the REDO token’s mascot.

Trader Profits 12x from REDO Surge

Capitalizing on the surge of the memecoin value, the trader sold all 881,000 of their REDO holdings, securing a profit of 107,275 SOL, equivalent to about $606,000. This remarkable return represents a 12x gain on the initial investment. The trader also made notable profits from other memecoins, including TINU and PLANE.

After the logo of @ton_blockchain changed to @redotoken, the price of #MEMEcoin $REDO surged ~200%!

A trader sold all 881K $REDO for a profit of 107,275 $SOL($606K), a 12x return!

This trader also made 5,207 $TON($29.4K, 35x return) on $TINU and 3,118 $TON($17.6K, 62x return)… pic.twitter.com/rW6acclx8k

— Lookonchain (@lookonchain) August 26, 2024

The TINU trade yielded 5,207 TON, valued at $29,400 at the time, reflecting a 35x return. The PLANE trade proved even more lucrative, generating 3,118 TON, worth $17,600 with an impressive 62x return.

In total, the trader engaged in trades across 11 different memecoins, achieving a win rate of 54.5%. The combined profits from these trades amounted to 115,387 TON, or roughly $652,000. This trader’s experience highlights the potential and risks of memecoin trading in the volatile cryptocurrency market, demonstrating how strategic decisions can lead to significant gains.

Trader Achieves 420% Profit on DOGS Token

Recording massive gains in the crypto market is not uncommon. On August 26th, the much-anticipated TON-based memecoin DOGS officially launched. Shortly after the launch, many investors sold their DOGS for other cryptocurrencies, like USDT, leading to a price drop.

During this time, a strategic investor realized impressive gains. The investor initially bought 55.9 million DOGS on decentralized exchanges (DEX) before being listed on centralized exchanges (CEX). They sold part of their holdings for substantial profits and placed the rest on a centralized exchange.

Before its CEX listing, DOGS was traded on DEX, where its price dropped to as low as $0.00013, offering an attractive buying opportunity. The trader invested 3,271 TON, roughly $18,400, to acquire 55.9 million DOGS. They then sold 20 million DOGS for 6,150 TON, which was about $34,600, netting a profit of $16,200.

The remaining 35.9 million DOGS, worth approximately $61,000, were moved to a CEX. By taking advantage of the price fluctuations after the CEX listing, the trader achieved a total profit of $77,200, marking a 420% return on their original investment.