Topic: A Meme coin investor turned $8,000 Investment into Billion? (Read 949 times)

Meme coins are typically hit and misses. If you have some loose cars somewhere, you can invest in it

Investing in Meme coins is a big risk because most of these Meme coins don't have any strong support or good roadmap and every day many memes/shitcoins are popping up and after a while they lose their value. But converting $8,000 to $5.7 billion seems almost impossible and sharing a trx or link is needed to confirm this news. Without these, it is just "a story".

We are going to see people hyping memecoins for a long long time and that's going to be something we can't really consider as a big deal, it's going to be whatever it is right now and that should be what matters. If we keep thinking that everything will be fine and invest, we are going to lose a lot of money to this and we can't really make that work. So all in all, we need to make sure that things will not be as easy as we think.

Just realize that it is going to be hard, and memecoins are not the way to go, because it will not be too simple. Hence, just assume that we are going to see this memecoin craze to hurt a lot of people, it already did that too many people. So we should be careful about it so we can't be really sure with whatever we can do, so this is going to end up with a lot of problems so it is going to cause a lot of headaches everyone. Think about it, a lot of people already invested into a lot of memes too late and lost too much money.

That's true, I don't think I have ever seen any exchange release an information about customers that had a significant lose about a particular crypto that they have invested on. The only news that usually pops up are the ones related to huge profit made but I believe that even if they don't release such good news about huge profit, there might still be some lucky investors that is going to  make profit from the coin and also some investors they will experience lose.
For example, I have actually bought a token at a high which I thought it was going to continue pumping but reverse was the case.  I knew that people who bought that token at a low prices, really made profit from it.

Yes, i heard same story in Binance article and this is one and only SHIBA Inu meme coin, in this project 8000$ is turn into 5.7 billion dollars for 1000x profits.
It really massive for a meme project, and i think also it was very rare. I was invested lately in Shiba but i made profit 7x-8xthat was big for me. Nothing impossible in crypto.

What you said is true; the majority of meme coins often end up in rugpull. Then you are also right if you aspire to make a lot of money in meme coins. You should really be active in the meme coins that are coming, and you should also know how to analyze meme coin potential.

Now, those who made billions in meme coins, I can believe if they are like Elon Musk, Vitalik, Buterin, and JP Morgan, but those like us or middle-class people, I don't think I have heard anything like that.

I agree, we also should just check the contract of the coin, so that we could sell the coins in the first place

Many memecoins are just a rug pull and are created to pump and dump on the investors.
That's the reason why I mentioned that we need to be active in the memecoin community to stay up to date with the trends.
We all know how quick can memecoins dump and only by monitoring such coins actively we can exit at the right time.

Right, mostly MEME coins have no purposes as like why is it made or what is its need or importance? And that is correct in every popular MEME coins are somehow supported by big influential person. As you said like DOGE is influenced by Elon Musk and SHIBA is Vitalik. But i always treated MEME coins is high risky investment. And i always invest small amount which i can afford if i lost.  

Sure, you're not wrong to say that, someone can be lucky to invest on a new project when the price is about to sky rocket and make good gains, and same coins that gave such person huge profits can still make them lose almost everything they profited, what I'm trying to say is that most of meme coins are pump and dumps and most times it takes luck to benefit from them unlike Bitcoin where an investor is sure of making gains even after a dip, so far they're investment plan is for long-term moreover I won't advise anyone to consider long-term when investing on meme coins, you could invest heavily during the early stages of the project wait for a pump and take profits before it starts dumping, just like when PEPE launch it's price saw a massive growth and gradually began to dip in a short period after it's upsurge and those who invested in it during the upsurge made a lot of profits from it, likewise DOGE.those two coins I've just mentioned are the top memecoins when it comes to market cap, and the market cap of SPIKE is not close to theirs, it might have a potential of giving investors profits but I doubt if it would surpase PEPE well let's watch and see.

Memecoins don't need to have a purpose. It's enough to follow the trend. Shiba took the wind with Vitalik at that time. Later, he reached his current position because the community trusted him. We can say the same thing for Pepe coin. Now, the most reliable of them seems to be Doge, even that is a meme coin that peaked with Elon Musk. Of course, there were memecoins that suddenly ran out of zero. So if you are going to invest in them, you can invest in very small amounts. I guess I don't need to say that you shouldn't take the risk of investing all your assets in a meme coin.

I believe, with memecoins it's more of a gamble than an investment. We just put your money into the memecoins and expect it to grow over time.
This is why in this case we cannot really say if the said memecoin will really explode or not.
Any memecoin can explode, provided it has received enough attention from the community.
Just stay active in the memecoin community and you will be able to figure out whether SPIKE will be able to make it to the top or not.

Diversification of the risks is also key. It's essential to not pump all the funds just in one or two big fellas on the market, but 4-5 for sure, if not more.

Traders and investors should do well to ignore such news, exchanges love to promote it as it gives the impression that anyone no matter what can earn big profits while trading, however it is clear that for someone to produce those kind of results they had to take a massive risk.

However, you never hear from exchanges about all the people that took the same risk and that instead found misfortune and huge losses, as that is not good for business and it breaks the illusion they are trying to create.

It is left for an investors to know for himself the amount of money he or she can afford to lose and the amount he can not risk losing. There are some rich investors who can risk about $5k in altcoins and for me I can't risk such huge amount. Those rich investors, even if they lose the $5k, it wouldn't affect them and there are some cheap altcoins that you will invest that amount ($5, 000) and if the token pumps, you can earn $50, 000.

Around February this year, I saw a news on binance exchange regarding a trader that used $1k to make $100k just in two hours. So, it is actually the decision of an investor to know how much he or she can risk.

That's true 
I agree with your opinion that if we invest in an Altcoins with a huge amount we will definitely get a profit at the end. But here are some key points that are very important to be noted. A large amount of investment can not only give you a huge profit but can also give you a huge amount of loss. Apart from a few altcoins, all other altcoins cannot guarantee you that they will surely organize you 10x profit margins for the investment amount. And let's also say one thing that apart from Bitcoin and other prominent Altcoins, the risk of losing is high in other Altcoins, whether it is meme coin, AI or Defi etc. 
 
So it's meant to say that you should invest a huge amount in this coin, which you think can really give you a big amount of profit instead of a big amount of investment. Like Bitcoin or Altcoin has ETH, BNB, SOL etc.

Totally. Memes have become too common to do this trick again, and, in my opinion, it's nearly impossible judging by the market landscape we are currently in. Don't forget about how many meme scams are also here waiting for newbies and veterans alike.

It is possible, but it's a long shot investing a huge amount in a new token that there's no guarantee of huge profit is such a long shot; the investor is a risk taker, and it paid off; this is when the meme trend is at its highest when the market is looking for a new meme for investors to hype,

I'm sure the owner of that wallet did his research investing, and he is a whale; timing is everything when investing now that the market is saturated with memes; there's no guarantee that your $8k will yield like what the guy did.

I wish you luck, however, don't think it will turn out the way you imagine. The possibility is there, low-cap coins are the bread and butter of success in that direction, however, rationally think about the risks, check the coins and their contracts thoroughly, and only then make your moves.

crypto has turned what could be described as a fortune, with a simple investment in meme coins it seems I need to learn it, this journey to riches begins with a strategy that involves putting some money into meme coins, hoping for at least some success, I am currently selecting some upcoming meme coins that may have a significant potential for success, this amazing thing highlights the unpredictable yet potentially profitable nature of investing in memecoins.

It's viable to make something out of them if you are a shiller or have the info insights, though. Those people are getting a great fortune from getting their referral base invested with both time and effort into projects like that. They can also be sniped. Of course, the risk isn't worth it most of the times, but the possibility is still there.

Even the "hope" for something like this from memecoins is literally fake, how can you actually think that anyone could do this. I mean it's obvious that the "value" was high, but nobody could even sell 10% of that at all, would crash the market and that is why it was never that worth and this is the example that they are giving on what is possible. Even what is possible at max is fake on memecoins, so the reality is so harsh that they can't even make the good side look good without lying or faking it.

I believe that if you invest into any memecoin, you are going to end up losing a lot of money and I would definitely not suggest anyone to do this. What we need to do right now is just keep away from all of this shitcoins, they are totally worthless, and don't buy into these fake news.

Research is essential for any project you are going to invest your effort, and, especially - funds. It's a no-brainer at this point, where there won't be projects that bring just profits, big or small. Lots of them will leave you dry, or worse - in a big minus.

Meme coins have the potential of making an investor rich overnight and vice versa. People are so fixated on the potential profits they can make from meme coins that they don’t even know they can lose their investment in a blink of an eye. My problem with those who invest in meme coins is that they do not consider any analysis or research before buying them. It’s more or less gambling than investing.

Like many on this thread, I also doubted if the story was true or not because it did sound too good to be true tbh. While reading the replies down the thread, I discovered @coin-investor shared a link to the original article. OP I think you should add the links to the original post so others won’t debate about the legitimacy of the story.

Talking about variants or classes or any something that would really be in relation then you would really be finding out  yourself on not to have that kind of positive approach towards meme coin
investment or choices. When it comes to money making opportunity then this is something that will really be considered out to be possible but its not something that you would really be that easly be that recommended on wich trying out to look for the risks involved then you could really be able to say that it is really that something risks or something that you cant really be able to bare up such
risks. Meme coins could really be that potentially give out that easy x1000 or even more and this one would really be that definitely make you a multi millionaire if you have found yourself having to those meme coins but of course extreme luck will really be needed up. You dont really know on which one would really be taking up that moonshot.

I agree with what you said. Anyone who is investing his money in meme coins should know that his money is at risk and he or she can lose his or her money because meme coins can rug-pull at any given time. Because of the hype surrounding meme coins, people believe they can easily make cool money if they invest in them, but they don't know that they can easily lose money in meme coins because of the price manipulation of meme coins. Only few investors benefit from meme coin investments because they are experienced and know when to pull out their money to avoid unexpected losses.

..But it sure does seem like a dream come true I agree with the fact that maybe that person didn't have a profit of 5B, but he profited a lot from that affair nevertheless.

I think whoever invested in meme coin in super early phase can make that much of profit if they consistently scoring 1000x or more gain reinvest their money to other memes.but i'm sure if this kind of story is true, it won't flew under the radar, coverage from media seems very minimal, but I think with 8k investment super early into the meme coin, I think he'd maybe made a fortune worth of generational wealth.

not to mention if he really make that 5 billions profit, he'd probably gonna have a hard time cashing it out



because entire doge coin's worth is only 13 billion dollars and dumping 5 billion will certainly destroy doge coin market.

anyway, even if that's true, it's hard to replicate the success with current state of the meme coin.

It's understandable high risk high reward the invested money can be zero as well from the day meme coin introduce I think if I am correct it's 2013 mostly around 95% came j in the market ust because of some trend and do make money and then some few project like doge coin shiba inu come with utility and long lasting it's always interesting to see mecoin on these Leval isn't

I agree with what you mentioned, dude. Yes, it is possible to get rich instantly if you time it right with a meme coin like Pepe Coin, which, when it was starting pre-sale, many people did not believe and were negative here, but in just a short period of time, the project really boomed, and suddenly the price kicked really hard from its very low value.

That's why many people got rich from Pepe because I heard before that with an investment of $500, the return on his investment here became millions. But in the spike, it's too good to be true, in my opinion.

SPIKE has No potential, NO comparison with $PEPE at all.
Though Pepe Unchained can be the next addition in one's portofilio.

Yeah, probably this is just to hype this meme coins. And if this is true, then lucky him, I mean it's one of lifetime chance to become a billionaire. But definitely, there are a lot of loopholes in this story so I doubt the truth here. Nevertheless, it's possible to earn or profit big in meme coins, we have seen Doge or Shiba and Pepe making money for those early investors on them. And again, it's also the risk involved, we really don't know that if a certain project is going to be big as the one we mentioned. And then also the timing of investing on them is also very important. So we can say as well that you really need to be very lucky as well to become a self made millionaire here.

         -      8000$ invested into a meme coins? then the amount it returned became billions? You know it's easy to make a story, especially if there is no source link. How can you believe in this story of yours if you have no proof that what you are saying is true? I have never heard of anything like that in my two years here in the crypto space.

Then the spike that you are talking about, if it will surpass the Pepe coin, the answer to that is simple: when it surpasses Pepe's marketcap, which is around 3 billion more. But if the market cap is less than $50 million, what you are saying is still vague.

It’s mathematically impossible to amass that kind of profit on a meme coin liquidity even on the biggest marketcap memecoin. 5.7$ B is already a daily trading volume which means there’s tons of buy and sell in able to achieve that while this guy claiming to turn his 8K to 5.7B is definitely hoax. There’s no meme coin so far that print that kind of profit unless he purchased DOGE during the initial release and sold at peak.

Also I doubt a billionaire will waste time sharing story in the internet while he can enjoy all his fortune silently without attracting potential attack on his finances. But this is 100% one fake story created for views in social media.

I don't believe any of the ads on the internet anymore. They talk as if there are thousands of people who got rich from scratch. They try to manipulate people's perception by using a wallet valued at $100 to become millions of dollars. This is nothing more than deceiving people. That's why you shouldn't believe them. If you are going to invest, it would be best to do some research. If you are going to invest in memecoin, invest with money that you will not hesitate to lose and that you will not be upset by the money you will lose. If you lose your money, the amount you are willing to lose will be gone, and this will not upset you.

For me, the good would be in the meaning that everybody understands what a meme is. Why do people follow memes. What that coin is about. Not many people are eager to learn about blockchain, liquidity, types of proof for nodes, etc. They just want the money, and that's fine (it's the nature of ours, even if sometimes it leads to bad consequences). People can enter crypto through the memecoins, and if they were eager to go deeper than that, they would find lots of information that they would never think of, how to thrive there and how minuscule in comparison the memecoins are. Or, they would drop it all off and end the story here and there. The memecoins, in my eyes, are the natural selection method of sorts, in this example

Stories like this are good PR contents for the marketing of the new projects that are coming out. Whoever publishes it are likely paid to do so and to get the attention of everyone especially on X platform. And for the new projects that are being said by OP, IMO, this is all about another PR. Someone who's run by his own greed are likely to think that this project might give him that much return. I'm done with this kind of thinking and I've fallen for many mistakes and losses that I have made before. Don't believe with most stories about rags to riches that you'd see in the internet and then they're advertising in a questioning manner whether the project they have found out is good or not or has the potential.

I can't really see the good sides about them. They are pump and dump coins, except for a coin like DOGE that somehow established itself in the top ranks because it had the advantage of being the first of its kind I think. But even DOGE sucks. Although I don't really care when people feel the need to put their money into those coins. They should do whatever they feel like, but I'd never recommend buying one of those coins.

Yeah, memecoins have good and bad sides for those who just came to crypto and are eager to start pumping money without much knowledge behind it. Nevertheless, it's these lessons in terms of whether you should go into such coins or not which shape our experience and analysis capabilities, thus allowing us to improve in the long term.

Well the maths is pretty simple here, it would mean that he was able to make 125,000x out of his starting capital! Sounds quite realistic to me... Someone who bought bitcoin for $1 would now be at 64,000x. It's nonsense of course... Oh now I see you are talking about $5.7 billion! lol then it would be 125,000x * 5.7, which is 712,500x. Erm let me think, no...

It is true that some meme coins like DOGE were at $0.0002 and peaked at around $0.65. That would give someone 3,250x. No way there was someone making 712,500x with a meme coin. I think everyone would have been talking about that and such a topic is unknown to me.

If this story really exists, at least the meme coin should be known and mentioned here. I also think that the lottery for meme coins is over in terms of those profits that people could make many years ago. And that's a good thing because too many people got fucked up and immediately lost their interest in bitcoin too.

You will have to post a source for those rumors as it is impossible to produce those profits with such a low starting capital, as even if a meme coin went up 100x, this will only produce 800k in profits, which is nowhere near the 5.7 billion that you claim.

Just to give you an idea of how unlikely this is, even if a person bought bitcoin with those 8k when bitcoin was only worth one dollar, this will only produce 531 millions at the current price, so the profits will still be very far away from the amount you state that person made.

Luck doesn't play a big part though, the analysis is key, in my opinion. Who shills the project, who collabs with it, what the future devs see for it, and so much more. And, of course, if you pour $8000 in one memecoin and wait for big gains right away, you will be out of luck It would be much wiser to distribute this kind of money into many memes, or better - much into the stable alts.

although investing in the best meme coins can be an opportunity, with this digital currency often starting as a joke but can turn into a profitable investment, it can happen without any initial prediction, the lack of value means the price of speculative meme coin investments can fall, but the question is? can you make a profit by investing $ 8,000. I think it is very difficult to get it in the most important thing in meme coin trading considering its volatile nature but it is possible that it can happen, depending on the luck we get.

True, the share for most memecoins have grown that much and every memecoin has to share this market from people that are holding them.
But with all of these news, very unlikely although I am not saying that it won't be impossible. Just a very slight chance to happen.

With the right tools and good analysis behind our belts, anything is possible! Of course, not in one moment, not from the first try, but it's absolutely viable to become good with meme coins.

It might be possible, that’s a meme coin for you, but you will find it very difficult to get a meme coin that will do something like this for you. Meme coins are just too risky to put money in, and most meme coins are just pumped by the hype they get, and after the hype dies down, they are going to dump it back. They have no use case or road map to keep them going. The best thing is to avoid meme coins completely, and if you are a risk taker, then make sure just a little amount is left in meme coins because most of them will fail, and even once you start making money, the money might not be much.

Meme coins are not coins that we should hold for a long time because we know they are just moved by hype, and hype can’t really continue for a long time, so whenever there is a pump, just take advantage of it and take your money and profit out.

I would say that it is both true and wrong at the same time. The reason why I am saying that, is the fact that yes his 8k may have turned to 5.7 billion (which I am not sure if that is still a true exact amount) but the reality is that he never had a chance to have 5.7 billion at all, it was just on paper and that is why it's wrong. The saying "8k turned into 5.7 billion" sounds like he actually sold and HAD 5.7 billion, but the reality is that "what he held was 5.7 billion valued for a while" instead, and we all know that if he ever tried to sell that, he would have made not even half of that, he would have destroyed 90% of the price to sell all the ones he had.

I tried to check his wallet and couldn't find when he got out, but I can tell you that while he did made a lot of money from that trade, I would say a few million at best is the real result. Remember, there is a limit to the volume shiba has, and that is why he can't sell much in a single day. He probably just made a few million dollars, which is awesome of course, but nothing shocking to crypto world, a lot of people invested a few thousand and made a few million in many different projects before it is not the first time this happened. The first time we saw billions in value, but never was cashed out, couldn't be.

Well yes there is some people that does get so lucky and becomes rich from investing in crypto. But I do not think it is the right idea to think we can become rivh from investing in the meme coins.

For this man to make 8,000 become $5.7 Billion does not happen alot. And we can not think we are going to get rich like that investing in the meme coins.

The proof is on the blockchain if you read some of the previous replies. A user who bought trillions of Shiba Inu tokens as soon as it started trading, held them until the price went very high and they were worth billions. We don’t know for sure at what price he sold his tokens, but we can conclude that he made a massive profit. This is probably one of the most profitable investments ever, only comparable to some very early Bitcoin adopters.

This type of talk keeps getting revived time and time again, this was a very famous thing in the past and it was proven wrong, well it wasn't really "proven wrong" but there was zero proof that anyone did this, and after years we see it again. No, this did not happen, or at least, it if ever happened then nobody has ever came forward and provide a proof that it happened. Imagine someone turning 8 thousand into billions, don't you think that everyone would have noticed that and shared that all over the internet? Of course they would, everyone would but in the end that did not happen so we have no proof.

There are of course some people who made some money from meme projects, maybe some people even turned a few thousand into a few million, which is more realistic than a billion.

Please remember, a billion is a thousand millions, that should tell you how much we are talking about and how important that difference is. I believe that as long as we do what we do right, we do not have to worry about making billions, even a million, hell even 100k+ would be great. I personally work very hard to get to 200k, because if I reach 200k one day, that means I will never need money again, so billions is not needed at all.

As I've already seen in the thread, there is a conformation that a person really did invest his 8k into the Shiba inu in 2020, thus, gaining more than 7 million percent from the initial investment. There is also a method of looking for new altcoins with low cap called sniping, where you search for the time when a coin goes to the exchanges and get some of them right after it's available to be done, thus, if the coin will pump hard afterwards, you will be rewarded greatly. However, there is always a chance of rug pulls or honey pots all over the place, especially in altcoins (on the Solana chain, mostly), so you need to be careful and make calculated moves when you do something on this kind of market. NFA, DYOR, and it will click for you.

No wonder it could be such 1 in 1 million opportunity of flipping 8k to billions if it's shiba inu, back then it was indeed priced at so low and suddenly when elon comes to shill, things changed meme coin become what it is today with everlasting trend.
just see how many percent SHIB has grown over the course of decade  .



but I doubt such thing will repeat again though with most of the meme coins these days just pump and dump scheme, not to mention meme coin snipers are large in amount.
unless there will be another crazy trend of meme coin that could pump the worth of certain meme coin to millions percent of its initial valuation.

I was skeptical and didn’t believe this story was true, but I guess it really did happen. It’s not quite as impressive as Satoshi’s estimated net worth, but it is still a massive profit. If we look at when they started dumping their coins, it was around the time Shiba Inu was at its all time high. They got out at the right moment, because the bear market that soon followed saw the token lose 90% of its value.

The story is legit coin-investor posted an article about that, including the wallet and all of its transactions
https://bitcointalksearch.org/topic/m.64328158

This is why so many people are attracted to memes because there are proofs revolving in the internet that you can make 10000% percentage if you find the right meme to invest in, so people keep looking for the right meme coin to invest and developers keep creating new memes.

There could be something that will take a while, which isn't really a great deal. I am just talking about something that is not going to be that easy, it should be a hard time dealing with something like that. A person who turns small amount into millions has two options, one is easy but quick end, the other is very tough. If you say "this is enough" and stop, then you are fine, but if you keep working and trying to make more then you are going to face troubles.

Also, I am 100% sure, not even like 99.99999% sure, I mean like 100% sure that nobody turned 8k into 5.7 billions, sure some people made some money, but nobody made THAT much money from memes, it would have required them to sell, it could be some spike that they couldn't sell out on, like on paper, but nobody "made" that profit.

He took a risk.

Investing 8k usd into a memecoin that you have no 100% guarantee that can give you profit is a risk and one that is taken by a brave individual. Not everyone has this much money let alone bravery to invest this much. It is possible to find a memecoin during its early stages but not everyone will rise to give you billion in profit.

Highly unlikely, enough for most people to not even think about it. Even those who can are either delusional from just waking up, are really rich people who can ignore the possibly high amount of money that they'd need to lose to make that highly unlikely situation a likely one, or are part of the development/marketing team that's obviously trying to create noise to say that they're coin converted someone from rags to riches.

Personally, I'd only ever think of being lucky in profiting off of meme coins. There's no rhyme nor reason in trying to chase profits from it imo.

Agreed unfortunately, I would like to see a link or proof of the story the OP portrays. Could quite easily just be a developer or large holder of the shitcoin in question. These kind of things do happen but it’s rare & I’d like to see proof before I even thought about buying the coin.

It's almost impossible to do that.  Yeah he didn that during the original memecoin pump.  Back then there were only a couple so the money was centralized.  Now there's a million memecoins.  Too many people are spread to thin in the market.  Jist not enough money in the market to support a pump like that again.

I know that it's very possible that someone can turn small amount into a larger amount through memecoins. $8k to be honest isn't that small, only a few can afford to invest that to a shit project. Turning into billions? very rare but not impossible.
And with stories like this, many capitalizes it for them to shill the projects that they're working on. Well, who knows with that effort there could be another millionaire - billionaire, from rugs to riches stories from the same strategy.

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$Megg is a crypto coin with no intrinsic value or expectation of financial return. Just ​because some people are getting ridiculously rich buying crypto doesn't mean you ​definitely will. $Megg is to be used strictly for entertainment purposes only

So these actually happened. I gat to keep watch on Bitget memezone then and discover a billion dollar mcap meme ahaha. Only meme can turn you into a millionaire in a flash.. high risk, High rewards. What the deal with SPIKE?

Possible actually, especially if you managed to pick the right token you could ape into. The rate of increase on memecoins are really remarkable in comparison with the majority of tokens however, pumps won't stay for long and if you'd be too greedy, be prepared to be everyone's liquidity. So yes this is possible with that amount which is already decent to hope for big returns but this isn't something that would happen most of the time and to most of the coins in the market. This happened most likely to him by basically making an entry on pre-sale because of how high the amount multiplied into.
Might not be verifiable but if you're long here in this industry, you'd know such thing is possible but not solely with memecoins but to many new projects with low market cap. This is just a reminder to know when to take the risk and when not to. Some things happens by chance.

Since you are still wondering in the said furtun overrun of $8000 turned to $billion why then do you share the news here, because I don't see the essence of having this conversation here, since it not a verifiable news and there is no link attached to this update, it kind of wired and a waste of time to engage in such baseless discussion.

It could be true since the altcoins are known fir this massive increase whereby they will have to yield a quick return on investment with high yield and on the same vein drop down as quick as possible after a the sudden rise, which makes it more highly volatile and more risk involved.


This is altcoins we are talking about, anyone of them could make one a sudden billionaire, all you need to do in by making an investment which is not beyond your capacity as well as making enough research over the developers of that same coin or token you are considering.

Thanks mate for sharing these links. It goes a long way to proof the story wasn't made up. Obviously!

I usually see it as luck for those that manage to get a huge profit from some altcoins. Because in my case, if I purchase a meme coin at a low price, the moment I realize a cool profit, I will just sell off the token and move on, but some investors are high-risk takers and are willing to accept the outcome of their investment. So, even if the price of their invested meme coin is pumping, they might not sell it until it has reached their targeted price. The target price doesn't come easily; even at some point, they will see a huge pump, and after some time, the price will still collapse. 

But one thing about investing in altcoins, mostly the cheap ones, is that if you invest a huge amount, just a small pump can give you a huge profit. Take, for example, when you invest $8k in a token whose price is $0.0⁶1 and you successfully acquire 80 billion of that token and luckily the price jumps to $0.0⁴9, that will turn your $8k into $7.2 million.

When you read that success story, you should have researched to verify this story, I did a research and so yes there is an investor and you can read his story here
A crypto wallet shows an investor made an $8,000 shiba inu coin purchase last year. Today, it is worth $5.7 billion.

The article was written three years and what remains in the wallet is $3.5 million
https://etherscan.io/address/0x1406899696adb2fa7a95ea68e80d4f9c82fcdedd so from 2021 until now he made a lot of withdrawals which is a natural thing to do.

There's no guarantee that it will turn out just like what happened to Pepe just because they have the same developer, investing in memes is a gamble sometimes you succeed but most of the time you fail, so do your research follow your investment and be quick to buy or dump.

It's hard to go from $1000 to $100K from memes when you're already 100% profitable. I'm sure a lot of investors will take those profits, and I'm also still curious why they can do that early and strongly hold whether behind it all is the developer who did it, this also needs to be a question mark.

Can the $SPIKE meme with the community surpass the $PEPE meme? If not then it will be difficult for $SPIKE to surpass $PEPE in the near future, and indeed now many memes are popping up they are called the next meme with big capitalists I'm actually not sure, and don't expect too much because we can't do that at full risk.

There're MemeCoins with long term holding potentials which can be encouraging to keep holding even when the coin is loosing its values, knowing that the coin would rise again would always enhance the agility to keep holding but investing on those short term coins doesn't seem investment wise to keep holding knowing that you Invested on short term coin which its dipped is an end to the coins value. So it's worth selling of a when having that sensor of dip.
It stay confidence on your MemeCoins or managing your probabilities of lost, you must always research and understand the potential possessions of the desired coin.

But eventhough PEPE gather already a good result still you shouldn't not call it as valid thing to look as reputable thing they made. I know lots of people earn from those meme coin but that doesn't mean that they continue to pump up just like what other people expect. Remember that there's no official information of the team created that PEPE COIN so anytime they can pull their rug pull scheme the same on what happen to other meme coin out there.

Although I understand that this meme coin gather already a lot of supporter, but they should take precaution and don't do all in so that they will not experience any huge damage if those what we feared to happen will occur.

PEPE is among the top memecoins which has proven it's reputation in the crypto market, other emerging memecoins will likewise proof their reputations before we can categorize them as top memes. SPIKE, has to proof that it has the potentials to be compered with PEPE, it is left for it's developers to be innovative and we will see how far it goes.

As far the story about somebody that invested $8k and made billions in profit, I can not take a story like that seriously since their is no link in the OP to support the claim. It is probably a take to hype the profit potentials of memecoins and nothing more, anybody that does the maths will know that the story doesn't add up, so it's most likely a made up story to entice newbies to gamble all their funds in memecoins.

Did you follow the narrative? I never meant the individual made that much from $SPIKE but from a Memecoin investment.

Still trying to understand if he kept taking profit or simply waited for it to skyrocket.  And about $SPIKE flipping $PEPE, if it's associated with same creator, the experience with PEPE should be an advantage or what do you think?

Depends on what specific instance, but it's possible if you were very early to things like PEPE, WIF, BONK, etc. In a lot of cases, it may seem that they're up 69696969% but in actuality, the token is so illiquid that they can only realize like 5-30% of the supposed gains.


I mean yea obviously how would you get huge multiples if you sell early?


You tell us lol.


By holding for long periods of time and being somewhat lucky.

need proof of the tx otherwise its just bedtime story.

but frankly most meme coin that aren't so popular have problem in liquidity, if someone holds 5.7 billions dollar in that meme coin how he can cash out anyway, doesn't make sense to me.

moreover its probably just highly manipulated meme coin where there's next to nothing trading volume so that someone can just pump it with low amount of money and also the token holder probably is highly centralized as well.

doesn't seem like a legit story from my opinion, it's at best just random shitcoin/meme coin with pseudo value and is illiquid.

If there are no proofs whatsoever, it's safe to say that it isn't true. We are in an online world. A world where everybody can just make a made-up story, and many will admire or even amazed even though there are no proofs at all.
It can be or that investor is just an average investor, but a huge risk taker. Like I said, as long as there are no proofs, don't believe on it.
Investing in meme coins and making profit on it is all about luck. Most of them are early investors who risked their money investing at the earliest time possible. When it pumps, they can sell anytime they wanted to because they're the first ones who bought the meme coin and bought it at the lowest price possible. Small gains in meme coins are almost non-existent unless it's a high market cap coin. Usually, investors are making money on meme coins through pump and dump.
An indirect advertisement again, eh?
Not familiar with the coin, but just like PEPE, I will not touch the coin. Heck, I will not give any time doing some research on that SPIKE coin.

The largest memecoin, which is Dogecoin, has a market cap of $17 billion. I find it impossible to believe that a memecoin trader was able to earn a third of Doge’s market cap from just $8K. Even if they diversified into various memecoins this does not seem possible.

Maybe there is some unlisted coin that only trades on DEXs with really low volume where they might technically have $5 billion worth of this token, but they will never be able to sell it for that amount.

When someone risked almost 10k to gambling on the meme token. Believe me, he has a lot of money if he was losing his 10k invested on the meme token. He was probably aware with growth of such token, then he tries to put more money in order to join in the pump.

Not everyone can afford to put $8k into the meme token. If you were investing in the right meme token, it's a big jackpot.

Yes, I do. That's if my meme token has made progress. For example, it has been listed on many exchanges. And, the developer is active about listings.

This is what some meme tokens did.



You meant this token?



That's crazy if you called it has the same potential as pepe. Pepe was rarely having very low daily volume trade like that.

Where do you guys get your conviction from? It's still too early to say whether or not $SPIKE will surpass PEPE. Also, if I understand you correctly, how did the said individual make billions from their $8K investment in SPIKE when the marketcap is still at $20m? Even the biggest memecoins like WIF, PEPE took a long time to attain the $B marketcap level so it would take a long time for SPIJE to catch up. If it was a cabal oriented token, retail needs time to catch up on the memecoin and it's narrative/culture.

TLDR, still too early to call it.

Today, I encountered an incredible meme coin success story in which an individual turned an $8,000 investment into a massive fortune of $5.7 billion. I'm wondering if it could actually be true.

It is likely that someone who can invest $8,000 in a meme coin is a large investor, but I am still curious about the specifics of how he achieved such a huge return.

I am interested in hearing how others are able to claim significant profits from meme coins. Do you hold onto your investment without selling, even when you see small gains, until it eventually pays off significantly?

Many of us are familiar with the meme coin $PEPE. I know someone who bought it early but sold at a relatively low return. Recently, I have noticed the meme coin $SPIKE too that was created by the same individual behind $PEPE, being listed on various exchanges.

I am curious if $SPIKE has the potential to surpass $PEPE in value. How do some meme coin investors manage to generate significant return?