A savvy trader’s bet on a Solana-based meme coin has earned them over $2 million, inspiring more and more regular traders to search for gems across the crypto market. Meme Moguls (MGLS) is one of the tokens set to take advantage of this trend – a platform that offers a stock market-style trading exchange.
MGLS is powered by an ERC-20 token and its ecosystem leverages a play-to-earn game to give users the opportunity to earn from all the trending meme coins. This includes Dogecoin, Shiba Inu, Bonk and other tokens.
Currently in stage 3 of its presale, the project has already raised over $1.1 million. Those looking to get involved can do so at an early bird offer price of just $0.0025 per token. Analysts predict the token could experience a 100x move when Meme Moguls goes live in 2024.
The extraordinary success of the Solana-based meme coin trader isn’t an isolated case. Another trader reportedly made $1.02 million from a $250 investment in PEPE, while another invested $4,410 and saw it return $1 million.
Despite the large profits, traders should remember to do their due diligence and not invest more than they can afford to lose. As such, Meme Moguls could be the perfect chance for regular traders to make their mark in the meme coin market – with the chance of a lifetime.
