This year, meme-themed cryptocurrencies are in high demand and investors are increasingly making profits from crypto transactions. Currently, the market is balanced between bulls and bears, while investor sentiment remains neutral. While this has limited the growth of many cryptocurrencies, meme-themed cryptos continue to trend. One investor in this space earned $1.77 million in just two days.
Memecoin Earnings
Excitement in the Memecoin category, Dogecoin 
$0.168711increased after tokens such as PEPE and WIF went viral. As a result, newer and better meme-themed cryptos are entering the market and investors in this space are getting caught up in the excitement and making significant profits in a short time. This investor earned $1.77 million with Pnut alone in 2 days. Moreover, this success occurred at a time when the market was volatile and the US election results were awaited to determine the future of crypto transactions.
This #MEMEcoins hunter made nearly $1.77 million in profits in just 2 days!
The investor started trading #MEMEcoins 15 days ago and achieved a 43.55% success rate with 62 tokens.
Pnut has captured popular cryptos such as HIMA, ProjectSid, and RIPETH and has $955,000 in unrealized gains, according to Lookonchain data.
— Lookonchain (@lookonchain)
Interestingly, the investor also suffered significant losses. However, losses are common as part of this crypto market. One big win can cover all these losses, and the same thing happened here; The memecoin investor regained previous losses by earning $1.77 million with Pnut in just 2 days.
Crypto Investment Strategies
The crypto market faces hundreds of challenges and random fluctuations are common, which can affect the performance of any token. Therefore, crypto trading strategies should be used to secure significant gains and minimize losses. Memecoin investors achieved success using simple but effective trading strategies. Primarily, it invested in 62 tokens with its diversified token portfolio. Some failed, but the rest maintained a positive portfolio. This is one of the simplest methods used by beginners and experienced traders.
Another strategy is to enter and exit the trade at the right time. This investor earned $1.77 million by trading the Pnut token flawlessly. Otherwise, the error in timing could lead to heavy losses. The example of an investor who recently lost $454,000 by panic selling at the wrong time shows how risky selling at the wrong time can be.
Finally, the memecoin investor did not use stop loss, continued in his position despite the losses and continued to explore popular cryptos. Using stop loss in such risky assets also increases the possibility of loss in case of excessive fluctuation.
Lessons to be Learned
The biggest lesson from this memecoin investor’s experience is that the crypto market is full of ups and downs and investors should be prepared for anything. Some days trades may not work, but others may be successful if the right crypto trading strategies are followed. More importantly, investors should not get overly excited after witnessing such stories, as such high returns rarely occur. This is because meme coins carry greater risks due to their high volatility and short trends.
The huge profit achieved in this short period of time shows that with the right strategies and a careful approach, memecoin investment can achieve significant gains despite high risks.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
