Bittime - Recently, meme coins have started to make a comeback, such as meme coins GME and ACM. According to Spot On Chain monitoring, a trader managed to make a profit of US$1.17 million (around Rp. 17.2 billion) in just 2 days.
Timely Meme Coin GME and ACM Transactions
Based on the Spot on Chain report, the trader purchased 30.8 million $GME tokens and 27.6 million $ACM tokens 2 days ago, May 13, 2024.
Interestingly, this transaction was carried out within 8 to 11 hours after the appearance of Roaring Kitty, who is known as an influential figure in the meme coin community.
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Roaring Kitty dan Meme Coin GME
The emergence of Roaring Kitty after a 3 year hiatus is thought to be one of the strongest factors that triggered the rise of GME. Roaring Kitty is a US retail stock investor best known for her role in the phenomenal short squeeze of GameStop (GME) in early 2021.
When it appeared yesterday, the price of GME also immediately jumped by 441% in the last 24 hours. In fact, at that time Roaring Kitty only uploaded a random photo without a caption, so it had nothing to do with the meme coin.
Multiple Profits from Meme Coin GME and ACM
The trader's decision to buy $GME and $ACM with a total cost of 645 SOL and 327 SOL respectively is fairly accurate.
Currently, the value of the trader's $GME and $ACM holdings have increased to 4,536 SOL (up 7-fold) and 4,590 SOL (up 14-fold), respectively.
With these calculations, the total profit made by traders is estimated at US$ 1.17 million.
Also Read How To Buy Crypto:
Meme Coin and High Volatility
This event has once again become a highlight for the crypto industry, especially related to crypto assets, especially meme coins.
Meme coins often have fluctuating characteristics and their price movements can be greatly influenced by market sentiment, including tweets or statements from influential figures.
However, even though it has the potential to bring big profits in a short time, you need to remember that investing in meme coins also carries high risks.
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How to Buy Crypto with Bittime
You can buy and sell crypto assets in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Read Also:
Trading Meme Coin: Trends, Speed, and Profit!
Meme Coin Trends 2024: Joke or Crypto Future?
The Return of "Roaring Kitty", Prices of Meme Coin $KITTY and $GME Skyrocket!
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.
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