ELON Meme Coin Early Holder Sees 600x Gain, Entered Position at $17k Market Cap
BlockBeats News, January 30, according to GMGN monitoring, the address ranked second on the Solana ecosystem Meme coin ELON holding list (8nxf…) is one of the early investors. When the market cap of ELON was only about $17,600, this address invested around $593 to build its position. With the price increase, its total holding profit has now risen to about $200,000, with a return on investment of 600x.
Previously, when the market cap of ELON was around $1.65 million, this address sold nearly half of its holdings, realizing some early profits. Currently, it still holds about 1.62% of the circulating supply and has not sold further. The current market cap of this Meme coin is reported to be $11 million, with a current price of about $0.011.
BlockBeats reminds users that Meme coin trading is highly volatile, heavily dependent on market sentiment and speculative hype, with no real value or use case. Investors should be aware of the risks.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
USD/JPY Price Forecast: Hits one week low as bears eye trading range support near 157.50
Susquehanna raises pre-earnings price targets for chip stocks: AMD (AMD.US), Qualcomm (QCOM.US), etc. receive upward revisions
Susquehanna has adjusted the target prices for chip stocks such as AMD, Intel, and Qualcomm.
Wedbush: Hard drive supply falls short of demand, Seagate (STX.US) and Western Digital (WDC.US) earnings reports may bring surprises
Wedbush reiterated its "outperform" ratings for Seagate and Western Digital, setting target prices at $1,000 and $650, respectively.
JPMorgan maintains Underweight rating on Nike (NKE.US): Deep in adjustment pains, performance pressures may persist until fiscal year 2028
Recently, JPMorgan released a U.S. equity research report on Nike. The research team participated in a face-to-face meeting with Nike's new CFO, Denton, updated profit assumptions based on management statements, and maintained an “underweight” investment rating on Nike.
Crypto prices
More
