Trader Turns $16K Into $2.8 Million In 10 Months With A Cat-Themed Meme Coin On Ethereum
Portfolio Pulse from Khyathi Dalal
A trader turned a $16,000 investment into $2.8 million in 10 months with the cat-themed meme coin Mog (CRYPTO: MOG) on Ethereum. The coin spiked 46% on Tuesday, and the trader's holdings reached an all-time high of over $4 million before settling at $2.8 million. Mog's valuation has risen to $353 million, and it was recently listed for trading on Aevo.
May 21, 2024 | 6:46 pm
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POSITIVE IMPACT
Mog (CRYPTO: MOG) saw a significant price spike, leading to a trader turning a $16,000 investment into $2.8 million. The coin's valuation has risen to $353 million, and it was recently listed on Aevo for trading.
The significant price spike and the listing on Aevo are likely to attract more investors, potentially driving the price higher in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Brian Garrett noted the similarity between the past month's chart of Pepe (CRYPTO: PEPE) and Mog (CRYPTO: MOG), suggesting that MOG could reach a market cap in the billions like PEPE.
The comparison to PEPE's chart and the suggestion that MOG could reach a similar market cap may boost investor confidence in PEPE as well.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50