More than a year later, an investor who previously became a millionaire with an investment in Shiba (SHIB) has started to put money into new memecoins.
On the other side of the bear and bull cycles of the cryptocurrency market, the bull runs of memecoins, which took the community behind them, left their mark on the industry. Strong rises experienced by Dogecoin, Shiba, Floki, Pepe, and many other memecoins are bringing big gains to crypto investors.
An investor, who previously bought Shiba for close to 10 thousand dollars, earned $ 7.5 million from this investment. The Shiba millionaire has started putting money back into memecoins after exactly one year.
Shib Millionaire Puts Money In Memecoins A Year Later
An investor who previously bought Shiba (SHIB) for $15,000 and earned $7.5 million woke up after close to a year and a half. Investor started to put money into different memecoins.
Among the memecoins this investor bought are WOJAK and PEPE. The Shiba millionaire first met PEPE by trading. The millionaire, who bought PEPE for 18 thousand dollars, sold his assets for 31.5 thousand dollars. Later, the millionaire bought PEPE again for $33,000 and became a long investor. The value of PEPE in the hands of the investor is around 135 thousand dollars.
This millionaire, called SmartMoney by Lookonchain, also bought from WOJAK. The Shiba millionaire added 320 million WOJAKs to his wallet for about $275,000.
In the memecoin frenzy that started with Pepe, the eyes of crypto investors turned to SmartMoneys. These wallets, called Memecoin hunters, seem to know the secret to making millions of dollars.
1/ A SmartMoney who made ~$7.5M on $SHIB woke up after more than a year of dormancy and bought 6 #MEME coins.
Including $PEPE, $WOJAK, $AFY, $Dione, $DMTR, $VAI.
He is also very lucky to get 179M $FLOKI ($9,378) from Flokitars Deployer. pic.twitter.com/dV0wCirFVT
— Lookonchain (@lookonchain) May 5, 2023
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