TL;DR
A trader turned a meme coin investment into a $2.5M paper profit, holding through a 90% loss before the token’s 2,100% surge in early 2025.
Meme coins are highly volatile and risky, with many losing value after peaks. Investors should be cautious and research thoroughly before jumping on the bandwagon.
The cryptocurrency world is full of examples of savvy traders making impressive profits by picking the right horse at the right time. Such was the case with one trader who spent $1.15 million to buy 20.46 million PIPPIN tokens in November.
At first, the investment did not go as planned, and at one point, the person was sitting on a paper loss of approximately 90%. Recall that the aforementioned meme coin was trading at over $0.07 when the trader hopped on the bandwagon but declined substantially several weeks later.
However, the individual endured the pressure and did not sell their holdings. At the start of 2025, the price of PIPPEN started climbing again, and as of the moment of this writing, it is worth around $0.23 (per CoinGecko’s data). This represents a whopping 2,100% increase on a weekly scale.
Currently, the individual is sitting at a paper profit of more than $2.5 million. Many X users commenting on the post praised the “diamond hands” move. Others, though, doubted that the person would cash out, predicting a price crash for PIPPEN in the near future and a painful loss for the trader.
Meme coins can be extremely volatile, allowing lucky traders to make huge profits in a short period of time. However, those enhanced price swings, combined with the fact that many of those tokens lack fundamental value in terms of utility or intrinsic worth, make dealing with them quite dangerous.
There are lots of memes that were trending and witnessed impressive price spikes in the past months but currently stand far away from their peaks. Some examples include Popcat (POPCAT), Cat in a Dogs World (MEW), Peanut the Squirrel (PNUT), Just a Chill Guy (CHILLGUY), and many more.
Those about to enter the ecosystem should follow some key rules to avoid a devastating outcome, such as investing only as much as they are ready to lose and conducting proper research beforehand. You can also explore additional safety measures in our dedicated video:
The post From 90% Dip to Millions: Trader Holds This Meme Coin for $2.5M Paper Profit appeared first on CryptoPotato.
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