Large investors made $430,000 from meme coins - Did something happen?

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According to BlockBeats on 1/11, a leading wallet address just made a “risky” move with the meme coin “I’ve Arrived.” This modest figure: unrealized profits have already reached $430,000.

6 days ago, the investor made a move

About 6 days ago, when the meme coin’s price was still sharply declining, this address invested at an average market value equivalent to $390,000. It can be seen as a quite “bold” decision at that time. On the very first day, they made a small sell to cut losses or lock in some profits. Since then, this address has closed all positions and waited.

Result: $430,000 profit

As of now, their paper gains have reached $430,000. Sounds like a typical meme coin “boaster.” Currently, “I’ve Arrived” has a market cap of $35.36 million, with a 24-hour increase exceeding 55.13%.

Warning: Not all meme coins have a happy ending

BlockBeats reminds investors that most meme coins lack significant real-world applications. Their prices fluctuate as wildly as a storm. Therefore, any investment decision in this field should be made cautiously and with careful consideration.

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