May 24, 2024
Trader Turns $450 Investment into $2 Million with Coq Inu
Altcoins News

Trader Turns $450 Investment into $2 Million with Coq Inu

COQ Inu (COQ), a token featuring a hen theme on the Avalanche blockchain, has garnered notable attention within the cryptocurrency community. Consequently, a trader has realized significant profits from this token.

Initially investing approximately $450 in $COQ at its launch, the trader has witnessed remarkable growth, with the investment ballooning to over $2.19 million, according to reports from Lookonchain.

Despite selling $COQ tokens worth $1.5 million, the trader still retains unrealized gains of approximately $800,000. Launched on December 8, the token has experienced rapid appreciation, reaching a market capitalization of $230 million by Wednesday.

The official COQ site explicitly mentions, “The token is for entertainment purposes only,” and the developers openly acknowledge its nature: “$COQ is a meme coin with no intrinsic value or expectation of financial return. There is no formal team or roadmap.”

Image by Avalanche

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