Lookonchain, the trusted security platform that ensures the transaction’s safety and reliability, has recently shared a thread focusing on the MEME coins. As MEME coins are the trending digital asset, various crypto clients are interested in them.
According to the thread shared by Lookonchain, eight NFT influencers have invested in MEME coins, four of which also made money:
1/ Are NFT influencers making money on #MEME coins?
— Lookonchain (@lookonchain) May 15, 2023
Here are 8 NFT influencers, 4 of which made money on #MEME coins.
It seems that the more #MEME coins you trade, the easier it is to lose money.
Let's see how they trade on #MEME coins.👇 pic.twitter.com/4WszNtEyvp
Eight prominent NFT influencers, boreGenius, dingalingts, ColeThereum, fvckrender, Zeneca, machibigbrother, ohhshiny and Vince_Van_Dough have traded MEME coins. Four influencers,boreGenius, dingalingts, ColeThereum and machibigbrother made enough money as compared to the rest of the NFT influencers and got an ultimate profit ratio. Thethread showed that investing in MEME coins has both chances to make and lose money excessively.
Ohhshiny is the most prominent NFT influencer that made a massive profit of $731,000 by trading in PEPE. Moreover, ohhshiny showed a 100% win rate and made enough money. Secondly, fvckrender showed a 50% win rate by trading four MEME coins WOJAK, KEK, GENSLR, and PEPE, and gained a profit of $546,266.
BoreGenius traded around seven MEME coins including HER, Lotus, TURBO, pogai, JEFF, RIBBIT and PEPE. bore Genius approximately $7,199 and the win rate of the trade was just 29%. While on the other hand, dingalingts also faced a loss of $16,512 by trading four MEME coins COPE, TURBO, THEND, and FOUR. Although dingalingts lost a big among but showed a 33% win rate.
Vince_Van_Dough showed a 100% win rate by investing in PEPE and made a profit of $18,000. On the other hand, zeneca also showed a 100% win rate. zeneca traded PEPE and earned $14,000. While two other NFTS influencers, named machibigbrother and ColeThereum, lost some funds, respectively, by investing in PEPE and a few other MEME coins.
This trend shows that traders can face both scenarios while trading MEME coins. They do have a chance to make a big amount of money but it is more likely to lose money as well.
