A Meme coin investor turned $8,000 Investment into Billion?

[terrific]

I know that it's very possible that someone can turn small amount into a larger amount through memecoins. $8k to be honest isn't that small, only a few can afford to invest that to a shit project. Turning into billions? very rare but not impossible.
And with stories like this, many capitalizes it for them to shill the projects that they're working on. Well, who knows with that effort there could be another millionaire - billionaire, from rugs to riches stories from the same strategy.

[wheelz1200]

I know that it's very possible that someone can turn small amount into a larger amount through memecoins. $8k to be honest isn't that small, only a few can afford to invest that to a shit project. Turning into billions? very rare but not impossible.
And with stories like this, many capitalizes it for them to shill the projects that they're working on. Well, who knows with that effort there could be another millionaire - billionaire, from rugs to riches stories from the same strategy.

It's almost impossible to do that.  Yeah he didn that during the original memecoin pump.  Back then there were only a couple so the money was centralized.  Now there's a million memecoins.  Too many people are spread to thin in the market.  Jist not enough money in the market to support a pump like that again.

[DeathAngel]

need proof of the tx otherwise its just bedtime story.

{snip}

doesn't seem like a legit story from my opinion, it's at best just random shitcoin/meme coin with pseudo value and is illiquid.

Agreed unfortunately, I would like to see a link or proof of the story the OP portrays. Could quite easily just be a developer or large holder of the shitcoin in question. These kind of things do happen but it’s rare & I’d like to see proof before I even thought about buying the coin.

[Wexnident]

~

Highly unlikely, enough for most people to not even think about it. Even those who can are either delusional from just waking up, are really rich people who can ignore the possibly high amount of money that they'd need to lose to make that highly unlikely situation a likely one, or are part of the development/marketing team that's obviously trying to create noise to say that they're coin converted someone from rags to riches.

Personally, I'd only ever think of being lucky in profiting off of meme coins. There's no rhyme nor reason in trying to chase profits from it imo.

[Reatim]

Today, I encountered an incredible meme coin success story in which an individual turned an $8,000 investment into a massive fortune of $5.7 billion. I'm wondering if it could actually be true.

It is likely that someone who can invest $8,000 in a meme coin is a large investor, but I am still curious about the specifics of how he achieved such a huge return.

He took a risk.

Investing 8k usd into a memecoin that you have no 100% guarantee that can give you profit is a risk and one that is taken by a brave individual. Not everyone has this much money let alone bravery to invest this much. It is possible to find a memecoin during its early stages but not everyone will rise to give you billion in profit.

[el kaka22]

There could be something that will take a while, which isn't really a great deal. I am just talking about something that is not going to be that easy, it should be a hard time dealing with something like that. A person who turns small amount into millions has two options, one is easy but quick end, the other is very tough. If you say "this is enough" and stop, then you are fine, but if you keep working and trying to make more then you are going to face troubles.

Also, I am 100% sure, not even like 99.99999% sure, I mean like 100% sure that nobody turned 8k into 5.7 billions, sure some people made some money, but nobody made THAT much money from memes, it would have required them to sell, it could be some spike that they couldn't sell out on, like on paper, but nobody "made" that profit.

[aioc]

need proof of the tx otherwise its just bedtime story.

{snip}

doesn't seem like a legit story from my opinion, it's at best just random shitcoin/meme coin with pseudo value and is illiquid.

Agreed unfortunately, I would like to see a link or proof of the story the OP portrays. Could quite easily just be a developer or large holder of the shitcoin in question. These kind of things do happen but it’s rare & I’d like to see proof before I even thought about buying the coin.

The story is legit coin-investor posted an article about that, including the wallet and all of its transactions
https://bitcointalk.org/index.php?topic=5503000.msg64328158#msg64328158

This is why so many people are attracted to memes because there are proofs revolving in the internet that you can make 10000% percentage if you find the right meme to invest in, so people keep looking for the right meme coin to invest and developers keep creating new memes.