One lucky trader turned $3,000 in newcomer meme coin Pochita ($POCHITA) into $150,000 in less than three hours, according to on-chain data.
Blockchain sleuth Kakashi (X handle: @KKashi_YT) highlighted the trade in a tweet yesterday evening UTC.
Over $150,000 profit in less than 3 hours. $Pochits pic.twitter.com/sAkngcW4CM
— Kakashi (@kkashi_yt) October 2, 2024
It’s certainly not the first time traders have made a killing in very little time after their initial investment.
Other newcomers like Moo Deng ($MOODENG), inspired by the eponymous viral baby hippo YouTube star in Thailand, and Neiro have been turning thousands into millions for recent holders after investors’ sentiment lightened in the wake of the Federal Reserve’s interest rates cut last month.
Little is known about Pochita. The token has had a quick and volatile rise, with some sources labeling it as a successor to its $1.5 billion market cap chain-mate Bonk ($BONK), the token that put Solana on the map as a new meme coin hub.
Pochita launched yesterday and quickly ballooned to a $20 million market cap within 9 hours, according to data by BitGet.
All this happened in the context of falling crypto prices.
Global crypto markets contracted 2.9% over the last 24 hours to post a collective market cap of $2.21 trillion.
The meme coin sector dipped 3.2% and is now worth $47.5 billion.
If Pochita Becomes a Top Meme Coin, It May Join Crypto All-Stars
Meme coins like Pochita are extremely volatile, which means although they’re fun and often profitable, their lack of clear fundamentals means they’re often just exploited for price rises.
However, over in the up-and-coming world of token presales, investors are diversifying their portfolios with protocol tokens that are adding new utility and generating rich rewards for meme coin holders.
One such project—a unified staking protocol for meme coin fans—is Crypto All-Stars ($STARS) a revolutionary platform that brings together the most celebrated meme coins in one place.
Holders of Pepe Coin, Dogecoin, Shiba Inu, Floki Inu, Based Brett, MogCoin, Milady, TurboToken, Toshi The Cat, Coq Inu, and BonkCoin can stake them in the MemeVault and earn passive income in the form of $STARS with a rewards rate currently set at 788%.
The team will integrate more meme coins later.
The team has allocated 20% of the tokens for its presale; the other 25% is for presale staking, 20% for marketing, 10% CEX/DEX listing, and the remaining 25% for the MemeVault ecosystem.
The project has gained so much popularity that its presale has already raised over $1.9 million.
Following the purchase, investors can begin staking for rewards and claim the tokens once the presale ends.
Head to the website to buy $STARS with ETH, USDT, BNB, or even by card.
Follow Crypto All-Stars on social media – X (Twitter) | Telegram to stay up-to-date on all the developments.
Visit the Crypto All-Stars Presale Website Here
The post Mysterious Trader Makes $150,000 Profit in 3 Hours From Just $2,956: Blockchain Analysis appeared first on Cryptonews.
