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.
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.
Vote-To-Earn Meme Coin Flockerz Outshines FartCoin With $1 Million Presale Fundraise
FartCoin’s lack of utility makes it a low-value proposition, which ultimately reduces it to an asset that traders buy at the bottom and sell at the top.
But in the world of meme coin ICOs, many innovative projects are launching, which give investors multiple avenues to earn rewards, all while keeping the fun, volatility and viral marketing of meme coins.
FartCoin’s bull run may be long over now. Instead, meme coin fans are piling into a new vote-to-earn (V2E) meme coin called Flockerz ($FLOCK).
Its presale launched last month and has rapidly raised over nearly a million dollars ($924.5k at the time of writing).
Touting itself as “The People’s Meme Coin,” Flockerz offers crypto fans unrivalled community-building incentives and staking rewards.
Holders of Flockerz (known as “The $FLOCK”) are integral members of a decentralized autonomous organization (DAO) called Flocktopia, where they can draft and vote on governance and improvement proposals.
This structure ensures community consensus dictates the decisions rather than a centralized authority.
Some 25% of the project’s 12 billion $FLOCK meme coin supply is for staking, with the protocol offering stakes eye-watering yield of 1,815% on the tokens they lock up over a two-year staking period.
The flock is basking in gold, and soon you will too
pic.twitter.com/VQ16zqpyXr
— Flockerz (@FlockerzToken) October 17, 2024
Flockerz is a transparent and fully audited project.
That’s why Coinsult audited its smart contract, to give investors peace of mind.
Furthermore, Flockerz is eyeing up listings on both centralized and decentralized exchanges (CEXs and DEXs), so it has global ambitions, like Bitcoin Cash. The vote-to-earn mechanism will launch after listings.
Hold on, because this $FLOCK is taking off!
Join now. Follow Flockerz on X and Telegram.
Visit the Flockerz Presale Website
The post Obscure Meme Coin Nets Trader $365,000 From Just $684 – Here’s Which Coin Could Pump Next appeared first on Cryptonews.
#IndustryTalk #DAO #MemeCoins #Presale [Source: CryptoNews]