Trader Makes 12,000X Profit In 3 Months With Meme Coin Trading By Following These Rules

Self-described DeFi and NFTfi Threador, Leshka.eth, in a post on X, formerly known as Twitter, shared details of how she made massive profits in a short period by trading meme coins.

What Happened: Leshka indicated that her crypto portfolio grew from $94 to $1.14 million, saying that success doesn’t hinge on being a genius but on belief and the right strategy.

Her rules while trading meme coins are:

Checking top traders based on the best performing meme coin.
Selecting the best meme coin hinges on community support, and finding new projects is guided by influencer endorsements.
Scan Twitter metrics. "Big influencers with score 200 and more give the project a huge boost."
After selecting a project, using sniper bots to buy tokens at launch at a good price.
When to sell, the trader follows:

Conclusion: Wins are not possible all the time, meme coins are risky, and you can lose nine out of 10 times as it's a gamble. But with experience, you can win big with enough luck, Leshka noted.

She indicates that if you had purchased $100 worth of Dogwifhat WIF/USD within the first seven days of launch, it would now be worth $2.5 million.

Also Read: How ‘Meme Coin Sausage Is Made,’ According To Crypto VC: ‘I May Be Everyone’s Exit Liquidity’

Why It Matters: While meme coin frenzy has led to many traders witnessing significant profits, many have turned their investments into losses by FOMO trading in highly trending tokens which have a volatile trading pattern with sudden drops and immediate increases.

As per Coingecko data, the meme coin market capitalization witnessed a drop of 5.3% in past 24 hours after witnessing a few weeks of significant surges.

Based on monthly gains, Floki FLOKI/USD, Pepe WIF/USD and Dogwifhat have recorded gains ranging between 530% to 630%. All have managed to enter the $2 billion market capitalization club, with Pepe at $3 billion.

With the upcoming Bitcoin halving event and most of the meme coins having a high correlation with Bitcoin prices, it will be intriguing to watch how well these meme coins fill traders' kitty.

Read Next: Trader Takes $1.65M Profit On ‘Shiba Inu Killer’ Dogwifhat, But Keeps 75%: ‘Hanging On As Much As I Can’

Image generated using artificial intelligence with Midjourney.

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Trader Makes 12,000X Profit In 3 Months With Meme Coin Trading By Following These Rules

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