"Pergh in a short period of time you have made millions, if everyone is lucky like this they must have become rich."
Capitalizing only $13,000, a cryptocurrency trader who made a profit of 15,700% managed to generate $2 million on April 3 yesterday after investing in memecoin Donotfomoew (MOEW) printed on the Base blockchain.
Explained further, the trader quickly bought 499.9 million MOEW using 4 Ethereum (ETH) within 10 minutes just after the memecoin was listed on the decentralized exchange (DEX).
Less than an hour later, the trader sold 111.65 MOEW for 99 ETH worth $328,000 then now only holds 388.24 million MOEW worth $1.76 million.
Created by Bitget Wallet, the team revealed that the cat-themed MOEW was just for fun and nothing too serious as they wanted to see what the power of memes could do.
However, MOEW is stubborn and now has a market capitalization of $31 million but in response to the price action, Bitget Wallet tells users not to FOMO and 50% of MOEW is for the addition of Liquidity Provider Token (LP) then another 50% airdrop.
It is common knowledge that the 8,000 addresses that receive MOEW while the airdrop is in progress are only eligible for users who hold enough BWB points for the airdrop token BWB wallet exchange.
Within six weeks, users can earn BWB points exchangeable for BWB tokens coming in the second quarter through holding in Bitget Wallet or performing cross-chain in-app exchange.
On the opposite side, Jeo Boden (BODEN) which is a memecoin parody Solana (SOL) of United States (US) President Joe Biden has passed $250 million in market cap while Taiwanese music celebrity Machi Big Brother's memecoin SOL also saw significant price action after a $40 presale million.
