A Meme Coin Hunter Made 2,000X in 4 Hours with This Coin!

The spring atmosphere continues in the cryptocurrency market. The size of the waves, especially in the meme coin area, is quite high. While some tokens record extraordinary increases, others are experiencing sharp declines from their peaks. In this environment, a meme coin hunter achieved a 2,090x return in a single transaction. Thus, the trader hit the jackpot.

Meme coin hunter SLOP made a fortune in no time!

As you follow on Kriptokoin.com, the market continues to show strength. Although it remains uncertain how long this will last, there are those who have managed to make high profits from this period. On-chain analytical platform Lookonchain shows that a trader made an initial investment of $296 in the newly created SLOP meme coin and that this investment turned into a surprising $620,000 in just four hours.

The trader entered the market by purchasing 38.17 million SLOP tokens and 1.76 SOL (296 dollars) through Raydium, an automated market maker (AMM) platform that trades the SLOP/SOL pair. Following the rapid increase in the value of SLOP, the investor sold 29.78 million tokens for 2,412 SOL. As a result, the meme coin hunter made a net profit of 405,000 dollars. The investor still holds 8.39 million SLOP tokens, which are worth 215,000 dollars.

SLOP/SOL pair on Raydium. Source: Dex ScreenerAccording to the explanations, an unidentified investor has previously invested in more than 150 meme coins. The trader recorded a gain rate of 21.19% from these investments. Considering this, this stroke of luck came at a cost. For this purpose, the profits from SLOP trading covered all previous losses.

The meme coins that the crypto investor buys and sells. Source: Lookonchain### The intrigues behind the SLOP rally

The interest in SLOP really emerged from something that could be considered as the token's unique creation. Meme coin, particularly initiated by the artificial intelligence agent Namshub, built on Glif's new bot layer by developer Fabian Stelzer. After researching meme coins like Goatseus Maximus (GOAT) connected to another artificial intelligence chat robot called Truth Terminal, Namshub resulted in the conceptualization of SLOP.

In this case, Namshub was influenced by viral art and modern tokens, such as meme coins. As a result, it produced meme art, including 'Singularity Pepe.' For this purpose, Stelzer acknowledged having some SLOP. However, despite this, he warned that the meme coin does not have a roadmap. A crypto market speculator using the pseudonym Leo shared some observations. According to Leo, SLOP can gain a competitive advantage by blending viral spread with creative expression, emphasizing infinite AI-driven meme content.

AI agent asks well respected dev in the industry to launch $slop

– the agent does its own research, learns about $goat and starts having an existential crisis

• ayrıca ajan, araştırdığı boklara dayalı hasta sanat yapıyor, buna dahil olarak bir tekil pepe (bu da deli gibi) ... pic.twitter.com/WyyrH1o2nm

— Leo (@0x_Leo_) October 21, 2024

Meme coin sector and risk-return balance!

During the writing, SLOP was trading at $0.020 with a market cap of over 20.8 million dollars. SLOP is not the first meme coin to rise due to the influence of artificial intelligence. In particular, GOAT has seen significant growth due to the aggressive promotion by Truth Terminal, which initially invested $20,000 in the token. The rally in GOAT helped the chatbot become the first artificial intelligence millionaire. The chat robot also holds a position in other meme coins that have witnessed increasing buying pressure in recent days.

By the way, as you follow from Kriptokoin.com, investors who invested early in GOAT have made significant profits in line with the recent trend of traders who have made significant profits from meme coins, especially due to the strategic timing of buying and selling. However, the decline of the token has also caused losses to some traders in a similar way.

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