A Trader Bets 7 Million Rupiah on COQ INU and Gets 30 Billion Rupiah

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Bittime - The COQ Inu (COQ) token, with a chicken theme on the Avalanche blockchain network, is currently attracting attention in the crypto community, and because of this, a trader managed to make significant profits from the token.

Also Read Coq Inu (COQ) Soaring, What Causes Its Increase?

The trader initially invested around $450 or around 7 million Rupiah in the $COQ token when it was first introduced, and has seen that investment grow to more than $2.19 million or around 30 Billion Rupiah, as uploaded by Lookonchain.

Sumber: twitter/x.com

The trader has sold $1.5 million worth of $COQ tokens but still holds unrealized profits of around $800,000.

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The token was launched on December 8, and since then its value has rapidly increased, reaching a market capitalization of $230 million on Wednesday.

COQ Entertainment Coin 

COQ's site states, "This token is for entertainment purposes only," a fact the developers do not shy away from: "$COQ is a meme coin with no intrinsic value or expectation of financial return. There is no formal team or long-term plan."

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Read Also

What is a Meme Coin and Why is it Popular?

What Is an Internet Meme?

Memecoin (MEME): Token Created by the Founder of 9GAG

DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.