Whale Makes Huge Profit by Buying Into Altcoin, Becomes One of the Largest Holders!

A crypto investor made millions of dollars in a week through an altcoin with a base in Base. According to on-chain analysis platform Lookonchain, and the investor made a profit of $3 million through investments in the DEGEN meme coin. Data revealed that the investor bought 301.7 million DEGEN at a cost of $0.01 six days ago, which is currently worth $3 million. DEGEN saw a 400% increase in the past week, resulting in the investor making over $2.9 million. Despite this massive profit, the investor has not sold any DEGEN yet. In addition to the DEGEN assets, the investor also holds $500,000 worth of another Base-based meme coin called doginme in their wallet. It’s worth noting that the recent meme coin craze on the Solana network has spilled over to the Base network created by crypto exchange Coinbase.