Crypto Investor Makes 543,600% Profit With This Memecoin

In a surprising turn of events within the crypto market, a trader has transformed a modest investment of $368 into an astonishing $2 million in just three days.

This impressive gain underscores the volatility and unpredictability that characterize cryptocurrency trading.

This trader isn’t alone in capitalizing on the recent surge in meme coins. Another investor recently reported earnings of $12.45 million from a different token, Moo Deng, which has sparked heightened interest in this category of cryptocurrencies.

Navigating the crypto landscape is often fraught with challenges, making substantial profits rare. However, this trader identified a lucrative opportunity in HIPPO, which recently hit the market.

On September 30, the trader purchased 253.5 million HIPPO tokens for approximately 198 SUI (about $368). Within days, they sold a portion—119.6 million tokens—for 175,000 SUI, netting around $325,000. With 133.9 million tokens still held, valued at $1.7 million, the total earnings reach $2 million.

Inspired by a viral baby hippopotamus, HIPPO memecoin has quickly gained traction despite initial launch delays caused by its developer’s resignation. It has achieved a market capitalization of $118.01 million and a trading volume of $5.27 million. Currently trading at $0.01175, HIPPO experienced a 37% increase in the past day.

With over 7,720 holders, including the trader who achieved the $2 million milestone, HIPPO could challenge established meme coins like Dogecoin and Shiba Inu, which have faced recent struggles.