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It's been a hot topic in chain analysis, but the story of an investor who made millions of dollars in meme coin investments is really interesting. Apparently, they became a millionaire just one week after purchasing Popcat.
In mid-September, this whale used 4.13 million USDC to buy 6.11 million (POPCAT) at $0.68 each. It seems they invested in installments at that time. Then, when the Federal Reserve cut interest rates by 50 basis points, the price rose from $0.6572 to $0.8774. Achieving a $1.2 million profit in just one week is incredible.
Seeing success stories like this highlights the importance of timing in the meme coin market. Investors who can read macroeconomic changes and act accordingly are definitely different. Data from Lookonchain also confirms that this whale’s asset value increased to $5.32 million.
However, the current price of Popcat has dropped to $0.06, which is a significant correction from the high at that time. The meme coin market is highly volatile, so even with stories of millionaires, not everyone can achieve the same results.