an anonymous crypto para trader, Moo Deng He turned a modest $800 investment into a staggering $3.5 million by purchasing a new memecoin called .
According to data from Arkham Intelligence, the trader identified by the Solana wallet address “Db3P” purchased 6 SOL worth of Moo Deng just four hours after the token was launched on September 10.
Essentially useless and speculative, Moo Deng has seen its value soar in recent days. According to CoinGecko data, as of Thursday, the token traded above $0.14, up 56% in the last 24 hours, and its market value reached $141 million.
While the trader’s huge profits came to the fore, it also sparked accusations on social media, with some claiming that the person was either an insider with prior knowledge of the coin or an undisclosed team member profiting from the hype. However, these claims have not been confirmed. Still, it’s best to approach all memecoins with skepticism, especially new ones.
Despite the huge gains, Moo Deng’s value remains volatile. The future of the coin may depend on whether the anonymous trader chooses to withdraw his money. Some market observers warn that if the trader sells his holdings, it could trigger a collapse in the price of Moo Deng, as the token has no tangible utility.
*This is not investment advice.
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Source: https://www.bitcoinsistemi.com/bir-trader-yeni-bir-altcoinde-800-dolarlik-varligini-3-5-milyon-dolara-donusturdu-insider-iddialari-var/
