With A 63.5% Winning Rate, This 'Super Meme Coin Hunter' Earned $1M Ethereum Last Month

Author: Mehab Qureshi | May 23, 2023 07:40am

An anonymous meme coin hunter has earned a staggering 562.64 Ethereum (CRYPTO: ETH), or roughly $1.06 million, in the past month alone. 

What Happened: Data from Lookonchain, an on-chain analytics platform shows that a “super meme coin hunter” demonstrated a savvy ability to find profitable investments, trading in a total of 104 meme tokens with a 63.5% winning rate.

The coin hunter’s gains were made primarily through investments in meme coins RFD and PEPE. The hunter earned 189.5 ETH, or approximately $345,306, with a 4 times gain on RFD, and 127 ETH worth $248,697, with a 32 times gain on PEPE.

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Why It Matters: In addition to reaping substantial profits, the coin hunter has demonstrated a knack for minimizing losses. At most, the hunter lost 6 ETH, or roughly $11,306, on the meme coin RIBBIT.

4/ Comparing the buying cost, we can find that this SmartMoney is very good at finding potential tokens and investing heavily.

For example, he spent 45 $ETH ($81.5K) to buy 74.5B $RFD and sold 71.3B $RFD for 234.5 $ETH ($427K), with a realized profit of 189.5 $ETH($345K). pic.twitter.com/n3BqsU3Zee

— Lookonchain (@lookonchain) May 23, 2023

According to LookOnchain, the anonymous meme coin hunter was adept at identifying and investing heavily in potentially profitable tokens.

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Posted In: $ETH