BlockBeats News, April 18th, according to lookonchain monitoring, the renowned trader address J3jfq8 (who previously achieved over 3500x returns on MOODENG) made another move 4 hours ago, spending 10,000 USDC to buy approximately 1.12 million SPIKE tokens.
Looking back at their previous transactions, when the market cap of MOODENG was only about $320,000, this address opened a position with 8.1 SOL (approximately $1,072) to acquire 33.4 million tokens. Subsequently, they sold in batches through DEX and MEXC, realizing profits of at least $3.8 million in total, with a return of over 3500x.
Analysis suggests that this address’s latest move may trigger a short-term capital follow-up effect. However, such highly volatile assets pose significant risks, and returns heavily rely on early liquidity and timing of exit.
BlockBeats Note: Most meme coins lack practical use cases and experience large price fluctuations. Please be cautious of asset protection and avoid FOMO.
