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ELON Meme Coin Early Holder Sees 600x Gain, Entered Position at $17k Market Cap
BlockBeats News, January 30, according to GMGN monitoring, the address ranked second on the Solana ecosystem Meme coin ELON holding list (8nxf…) is one of the early investors. When the market cap of ELON was only about $17,600, this address invested around $593 to build its position. With the price increase, its total holding profit has now risen to about $200,000, with a return on investment of 600x.
Previously, when the market cap of ELON was around $1.65 million, this address sold nearly half of its holdings, realizing some early profits. Currently, it still holds about 1.62% of the circulating supply and has not sold further. The current market cap of this Meme coin is reported to be $11 million, with a current price of about $0.011.
BlockBeats reminds users that Meme coin trading is highly volatile, heavily dependent on market sentiment and speculative hype, with no real value or use case. Investors should be aware of the risks.
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