A meme coin investor has achieved significant success amid controversy surrounding the launch of the ELIZA token. On-chain data shows that this investor made a significant profit with the token in question.
Success of Meme Coin Investor
According to data presented by Lookonchain on November 19, a meme coin investor turned $1900 into $3.67 million in just 2 hours. The transactions made made a significant profit through strategic purchases and sales of the ELIZA token.
Similarly, other investors have also made huge profits with newly launched tokens. For example, one investor turned $33 thousand into $12.2 million in just 24 days. Although such strategies cause significant controversy on the market, losses exceed 99% rather than gains, which are very rare.
Launch Discussions
The discussions during the launch of the ELIZA token raised questions about the future of the token. The launch of another token with the same name attracted the attention of investors.
Shaw is a partner of ai16z company and made the following statement about ELIZA;
“The initial launch of the token was planned last Friday but was postponed to Monday. However, another token with the same name was launched by unknown creators.”
Shaw also stated that they are collaborating with the founders of the token launched through the vvaifu.fun platform. This provided clues that the ELIZA token is supported by ai16z.
While the discussions shook the confidence of investors, some investors made big profits.
This incident shows that fluctuations in the meme coin market and investor behavior should be carefully monitored. Investors should be careful in such cases and do thorough research on the organizations behind the tokens.
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.
