The former US President’s recent statement favoring crypto assets has triggered a spike in the popularity of celebrity meme coins. In this respect, an expert trader has recently made up to $144,230 from just $839 in a mere couple of hours with the token “$MOTHER”. A crypto analyst going by “Leshka.eth” disclosed the respective profit of the trader on the social media platform X.
This memecoin trader turned $839 into $144,230 in 2 hours!
After his successful $MOTHER snipe, his portfolio skyrocketed by 171x
Celebrity memecoins are the hottest rn
I’ve analyzed his wallet and here’s how we can repeat his success 🧵👇 pic.twitter.com/uEHb5Qc5cF
— Leshka.eth ⛩ (@leshka_eth) June 2, 2024
A Trader Uses $MOTHER Token to Make $144,230 from Just $839 Within Two Hours
The crypto analyst pointed out that the portfolio of the trader went through a significant jump of up to 171x. This took place after the respective trader’s successful snipe of the crypto token. The analyst revealed that the celebrity meme coins are getting more and more attention in the crypto sector. In addition to this, the analyst brought to the front how the trader generated profits with $MOTHER.
Moreover, the analyst also shared a video clip of Donald Trump in which he expressed his support for cryptocurrency. The former US President also mocks Joe Biden, saying he does not know the true potential of these assets. The respective statement has contributed a lot in pushing politicians and celebrities to release their meme tokens. With such coins, these personnel intend to attract more fans.
Subsequently, hype rose regarding the meme tokens based on the Solana network. Hence, several early adopters made smart moves to leverage this occasion. The majority of them made huge gains by investing in $CATASS, $RICH, and $MOTHER tokens. The aforementioned tokens experienced 279x, 164x, and 381x upsurge respectively.
The trader took benefit from the token’s sheer rise and made a lot of gains. According to the analyst, the trader bought the token just after the release of its contract address. This immediate buyout signifies that the trader had enough knowledge about the current situation of the crypto sphere. Apart from that, this also highlights the trader’s good understanding of the overall macro influencing factors.
Celebrities to Introduce Their Separate Meme Tokens
Following the purchase of the tokens, the value thereof reached up to 6 figures only within 2 hours. As a result of this, the trader effectively generated a remarkable profit of approximately $143,4k. The analyst added that the prominent celebrities are also endeavoring to introduce their meme coins. In such a case, the investors can utilize sniper bots to make a profit from such tokens, according to Leshka.eth.
