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Tuesday, June 11, 2024
HomeCryptoCrypto trader turns $6,758 into $4.2 million

Crypto trader turns $6,758 into $4.2 million

According to cryptocurrency analytics firm LookOnChain, one memecoin cryptocurrency trader turned $6,758 into $4.2 million in less than four months. According to the analytics firm, this trader spent 2.13 ETH, worth approximately $6,758, to buy $20.95 billion in Kendu tokens from February 24 to March 1, 2024. This trader has continues to hold the tokens, currently worth $4.2 million, a gain of 619X.

Is KENDU the next big cryptocurrency?

Kendu Inu (KENDU) is a new memecoin that has seen significant gains since its launch. The asset is up 26% in the daily chart, 306.6% in the weekly chart, 370.8% in the 14-day chart and 512% month over month. The project has a market capitalization of approximately 196.0 million USD, achieved in a very short period of time.

However, despite the recent surge, it is likely that the cryptocurrency will soon face a correction. This property does not have many amenities or is applicable. Investors looking to make money quickly may sell as soon as the price peaks, which could lead to a crash.

However, it is also possible that memecoin will continue to climb the charts. Memecoin has performed exceptionally well this year, with many meme projects reaching new all-time highs. Projects, such as Pepe (PEPE), Bonk (BONK), dogwifat (WIF), etc., are among the best performing cryptocurrencies this year. Therefore, KENDU can join the memecoin bandwagon and continue to profit.

Mark Tyson
Mark Tyson
Freelance News Writer. Always interested in the way in which technology can change people's lives, and that is why I also advise individuals and companies when it comes to adopting all the advances in Apple devices and services.
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