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
Ivy League’s space gamble: Harvard reveals $2.2 billions SpaceX position, its largest single stock holding
Harvard University Investment Management Company disclosed that it holds $2.2 billion worth of SpaceX shares, making it the largest single stock position in its $4.3 billion US equity portfolio. This holding originated from Harvard’s early investment in SpaceX through venture capital funds, and the position has significantly appreciated after SpaceX’s public listing in June this year. The University of California also disclosed a roughly $1 billion position in SpaceX during the same period. Over the past decade, endowment funds from several universities have made substantial bets on private tech assets.
Circle obtains Major Payment Institution license in Singapore
Crypto prices
More
