The deployer of meme coin TCC may have only profited $76,000, missing out on a potential peak gain of $43.4 million.
BlockBeats News, July 6, according to reports, the deployer of the Meme coin TCC (0x699) bought in after creating the token, at a market cap of around $12,800, investing about $10,200. Subsequently, as TCC's market cap rose, this address sold all holdings at an average market cap of around $124,000, ultimately earning a profit of only about $76,000.
Based on TCC's market cap peak of approximately $70.88 million, the deploying address potentially "missed out" on around 571 times the profit, with unrealized gains at one point reaching about $43.44 million. Even at the current market cap, the potential profit still stands at roughly $22.94 million.
As of press time, TCC's market cap is about $37.8 million, down approximately 47% from its peak, with a 24-hour trading volume as high as $64.5 million.
BlockBeats Note: Meme coin trading experiences significant volatility, is often driven by market sentiment and speculation, and generally lacks actual value or use cases. 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.
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