A crypto investor made millions in just over a week thanks to an altcoin based on the Base protocol.
According to on-chain analysis platform Lookonchain, a crypto investor made a $3 million profit with his investment in the meme coin DEGEN.
Data revealed that the investor purchased 301.7 million DEGEN tokens worth $3 million for $0.01 just 6 days ago.
DEGEN’s value skyrocketed by 400% in the past week, leaving the investor with over $2.9 million in profit. Despite this staggering profit, the investor has not yet sold any DEGEN.
In addition to his DEGEN assets, the same investor holds $500,000 worth of another Base-based meme coin called doginme. The recent meme coin craze in the Solana network spilling over into the Base network produced by crypto exchange Coinbase has not gone unnoticed.
