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As the market entered the consolidation phase after bullish behavior for days, a crypto trader succeeded in maintaining heavy gains despite the odds. With his experience in crypto trading, he took the risky step to invest in a newly launched HIPPO memecoin, whose sudden volatility played in his favor. Interestingly, he made $2 Million in three days, where he had just invested $368, shocking the rest of the community, but HIPPO memecoin made it possible.
However, he is not the only personality aware of the market’s tricks and tactics. Another crypto investor made 12.45 Million recently in a similar token called Moo Deng, hyping the demand for these Meme-themed cryptocurrencies. Not only that, but this year many similar meme-tokens were in demand due to their profitability.
Crypto Trading Made $2 Million In Just 3 Days
The crypto market puts challenging conditions in front of crypto traders daily, where maintaining a profit itself is a big deal, and making millions is another. However, this crypto trader has made $2 Million within three days despite the challenges and market downfall. He identified the right trend and investment in a newly launched HIPPO Memecoin.
Turn $368 into $2M in just 3 days!
This guy spent 198 $SUI($368) to buy 253.5M $HIPPO(memecoin on #Sui) 3 days ago and sold 119.6M $HIPPO for 175K $SUI($325K), leaving 133.9M $HIPPO, worth $1.7M!
This guy made ~$2M on $HIPPO in just 3 days!https://t.co/MuVQhpVOCJ pic.twitter.com/pFeNnJvuj3
— Lookonchain (@lookonchain) October 2, 2024
In this crypto trading bet, the trader bought the 253.5 M $HIPPO after spending 198 SUI, equivalent to $368, on September 30. However, he did not maintain these holdings for long. He sold 119.6M $HIPPO for 175K $SUI, making $325K on October 2. He is still left with 133.9M $HIPPO, equivalent to $1.7M. It makes his total holding and selling worth $2 Million, as reported by Lookonchain.
How Is HIPPO Memecoin Performing Today?
HIPPO is another memecoin based on an internet sensation Baby Hippopotamus, residing in the Khao Kheow Open Zoo in Thailand. With the Moo Deng memecoin gaining popularity, HIPPO entered the market just a few days ago. However, due to its developer resigning, there was a big delay in its launch, but finally, all came to a happy ending, where the token gained immediate popularity among investors.
In such a short period, the HIPPO memecoin has gained a market capitalization of $156.43M and a trading volume of $11.23M. More importantly, it is on its peak crypto trading days, where it is currently trading at $0.01596 after an 8% surge in the last 24 hours. Additionally, 7.72K individuals are holding this token, including the crypto trader who made $2 Million. If the trend continues, this might become one of the best meme coins to buy, beating Dogecoin, Shiba Inu, and others, which have been struggling on charts for long.
Final Thoughts
In a challenging crypto trading environment, one crypto trader has made $2 Million in a newly launched HIPPO Memecoin. It is one the best trades made at the end of September, as the market was inclining towards bulls. However, things might hit another level, with the much anticipated Uptober and crypto market rally. Whether it will happen or not is the discussion of the future, but for now, the crypto market is attempting to recover after earlier consolidation.
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