Although many investors accept the risks of memecoins, they invest in memecoins out of a desire to make easy money.
At this point, some investors become millionaires from memecoins, while others lose all their money. However, patient investors can earn millions of dollars later, even if they suffer great losses.
According to Lookonchain’s post, an investor who was at a 90 percent loss made a profit of over $2.5 million thanks to his patience with the Solana (SOL)-based memecoin.
This investor spent 5,441 SOL ($1.15 million) to buy 20.46 million pippins 2 months ago. While waiting for an increase, he lost 90% and is at risk of losing all his money.
But the investor didn't sell his Pippins and now has more than $2.5 million in unrealized profits.
“From a $1 million loss (-90%) to a $2.5 million profit, this diamond hand finally triumphed!
This investor spent 5,441 SOL ($1.15 million) to buy 20.46 million pippins in 2 months. He then lost 90%.
But it didn't sell.
Today, when pippin exceeds $180 million market cap, $20.46 million is worth pippin $3.68 million and has over $2.5 million in unrealized profits!”
Pippin, which has gained 130% in the last 24 hours, continues to be traded at $0.21 at the time of writing.
*This is not investment advice.