KEY POINTS
On April 3, a savvy crypto trader astoundingly transformed a modest $13,000 into a staggering $2 million, marking an impressive 15,700% increase. This financial feat was achieved through a strategic investment in the newly launched meme coin, Donotfomoew (MOEW), which is part of the Base blockchain ecosystem.
Lookonchain Insights
According to insights from the blockchain analytics firm Lookonchain, this trader made a timely move by acquiring 499.9 million MOEW tokens with just 4 Ether, a mere 10 minutes following MOEW’s debut on decentralized exchanges (DEXs).
In an astonishing turn of events, less than an hour later, the trader capitalized on the market’s momentum by selling 111.65 million MOEW for 99 Ether, equivalent to $328,000.
Value of BWB Tokens and BODEN Soars
The buzz around MOEW has been palpable, with over 8,000 addresses now in possession of the token, thanks to an active airdrop campaign. This airdrop is accessible to those who have accumulated sufficient BWB points, a reward for engaging with the Bitget Wallet’s ecosystem, including holding funds or executing cross-chain swaps within the app.
These BWB points are set to be exchangeable for the forthcoming BWB tokens in the second quarter. In the current bull market, both established and emerging companies have seen their values soar.
Among them is Jeo Boden (BODEN), a Solana-based meme coin that humorously echoes the name of the U.S. President, Joe Biden. BODEN has recently eclipsed a market capitalization of $250 million. Adding to the excitement, a Solana meme coin endorsed by Taiwanese music icon Machi Big Brother experienced a surge in value following a $40 million presale earlier in the week.
