Various memecoins continue to mark 2024 with their rise and the profits they provide to their investors.
At this point, many investors make huge profits while some incur huge losses.
According to Lookonchain's post, an investor was too early to sell his tokens and missed out on a $10 million profit.
Lookonchain noted that investor “stupidmoney.sol” may regret selling his GOAT tokens early.
Because this investor sold 15.15 million GOAT on October 16, turning the 5 SOL he spent to buy GOAT (worth about $727) into 15,883 SOL (worth about $2.44 million).
However, if stupidmoney.sol had not sold and kept the GOATs, his profit would have exceeded $10 million.
GOAT, a memecoin based on Solana (SOL), has gained 164.6% in the last week. It has gained 60.2% in the last 24 hours and is trading at $0.719 at the time of writing.
*This is not investment advice.