Obscure Meme Coin Nets Trader $365,000 From Just $684 – Here’s Which Coin Could Pump Next
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In an astonishing turn of events, a meme coin trader struck gold by turning a mere $684 investment in the obscure meme coin FartCoin ($FRTC) into a staggering $300,000 profit.
The remarkable trade was spotlighted by crypto analyst and wallet tracker Kakashi (@KKashi_YT on X), who revealed that while the trader cashed out $325,900, they still retained around $39,000 worth of FartCoin in their wallet.
Bought $684 , sold $325,900 and has bout $39,000 left in $Fartcoin pic.twitter.com/ln4nzFlt2u
Altogether that makes for a net total profit of $364,881.31. In percentage terms this is a staggering increase of more than 53,000%.
Fartcoin launched in 2023 on the Binance Smart Chain. The token conforms to the BEP-20 standard and has a maximum supply of 100,000,000,000,000 (one quadrillion).
Fartcoin is a low-utility meme coin. Its main USP is that anyone holding FartCoin has a chance of winning a daily jackpot of 50 $FRTC from the team. About 30% of the supply is held by the creator “for the development of software tasks, games.”
$FRTC rallied to an all-time high of $0.05102 on May 5 this year, but it has since depreciated by 87%. At the time of writing, the token has grown in price 2.6% in 24 hours and trades at $0.061314, according to CoinGecko.
In general, meme coins are down across the board. The sector contracted 1.7% in the last 24 hours and now has a collective market cap of $62.4 billion.
Conversely, sector leader Dogecoin ($DOGE) is one of the few leading meme coins posting gains today. Dogecoin rose 2% in 24 hours and 24% over the week to trade at $0.1416.
FartCoin’s lack of utility makes it a low-value proposition, which
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