Altcoin Trader Makes $620k Buying Harry Potter Obama Sonic 10 Inu Meme Coin
On May 11, 2023, one trader bought just over $16,000 worth of a relatively unknown meme coin HarryPotterObamaSonic10.
This was an unorthodox move considering the project launched just 24 hours earlier.
Despite its lengthy name, the project’s ticker symbol was simply BITCOIN.
Yet despite these obscurities, it seems the trader knew something the rest of the market did not.
According to on-chain analyst’s Twitter thread, the wallet’s average buying cost was $0.001391. Within four weeks, the project’s price shot up to $0.01189. This equals a 784% increase from the trader’s average entry price.
The trader must have been ecstatic, turning $16K into $141K. However, the gains did not end there.
On 17 July, HarryPotterObamaSonic10 peaked at $0.06012, according to CoinMarketCap. Yet data from DEXTools shows it reached even higher.
Based on DEXTools data, the price reached as high as $0.07158 on 16 July.
However, the price has somewhat corrected, currently trading at $0.04274. Still, this equals a 2972% return on investment (ROI). Not bad right?
Taking a look at the wallet address on Etherscan, it shows the trader is still holding their investment, currently valued at a whopping $496K.
This means the trader is currently sitting in profits of $480K from a $16K investment two months ago.
Currently, HarryPotterObamaSonic10 has a $43 million market cap, with $1.5 million in locked liquidity and 6.42K holders. Since the project is now well established, gains of this magnitude reoccuring is unlikely.
Nevertheless, the crypto industry is thriving, and another coin is always ready to pump. The skill is finding it early.
What Project Could Be Next?
Traders like the one examined today rarely rely on luck. Instead, they understand the factors which make new cryptos explode and use them to their advantage.
With this in mind, let’s delve into three top upcoming projects that could potentially be next to pump.
DeeLance
DeeLance is a new crypto that uses blockchain technology to revolutionise the recruitment and freelance industry.
The $DLANCE token is currently undergoing a presale, priced at $0.048. However, after already raising $1.5 million, the presale is in its final stage, set to end once it raises $1.8 million.
Following this, investors must turn to crypto exchanges to purchase the $DLANCE crypto, where the price could quickly increase.
Currently, the global workforce is undergoing an unprecedented change, shifting from traditional 9-5 working hours to a “gig economy”, where more and more workers are taking on contract or gig work.
As a result, these workers rely on freelancing sites like Fiverr, Upwork and Freelance.com. However, legacy freelancing sites face high fees, slow payments and a lack of content ownership.
DeeLance fixes these issues using blockchain technology, making hiring and working online effortless. According to its website, DeeLance will offer client fees as low as 2%, instant deposits and withdrawals, content ownership and much more.
Furthermore, the project boasts a work-themed metaverse and NFT marketplace to further improve the user experience.
With DeeLance set to disrupt the gig economy currently worth $204 billion, the project presents upside potential.
Launchpad XYZ
Another crypto that could accomplish big things is Launchpad XYZ. Like DeeLance, it aims to tackle real issues, but this time, they are crypto-related.
Launchpad XYZ is also in its presale, priced at $0.0445. So far, the project has raised $1.1 million, with a presale hard cap of $12 million.
Following the presale, the project’s listing price is set to $0.0565 – a 26% increase from its current price.
However, gains magnitudes above this should not be ruled out.
The Launchpad XYZ project was carefully designed to provide users with all the required data points for trading in crypto. Still, it goes far beyond the trading of BTC and altcoins.
Launchpad XYZ features analytics for NFTs, presales, P2E games, metaverses and more. It also boasts a feature called “LQ” (Launchpad XYZ Quotient). This feature is a single metric to show “what’s hot and what’s not in the market”.
Furthermore, this all-in-one decentralised application will provide a trading terminal, a DEX, a trading analytics dashboard and a web3 wallet.
Essentially, Launchpad XYZ aims to provide the tools from 5-10 different dApps, all in one place.
ChimpZee
Another project which looks set to explode is ChimpZee. Similar to HarryPotterObamaSonic10, ChimpZee is a meme coin. However, ChimpZee is unique, combining the virality of meme coins with the utility of DeFi, all while fighting climate change and protecting wildlife.
Currently, ChimpZee is available at presale for $0.0007, having so far raised over $800K.
The price is set to rise incrementally throughout the presale, with its listing price set at $0.00185. This represents a 164% increase, but investors who buy today also get a 125% bonus on their purchase.
ChimpZee features several ways the community can earn rewards, such as a Play to Earn game, a Shop to Earn store and a Trade to Earn NFT marketplace.
Moreover, the project has already made vast progress regarding charity and climate action.
Despite launching recently, ChimpZee has already partnered with prominent charities like The Giving Block, One Tree Planted and Wild.
So far, ChimpZee has planted 1,200 trees in Brazil, 20,000 in Guatemala and donated $15,000 to save elephants.
As such, ChimpZee’s perfect blend of fun, utility and taking positive actions provides room for growth.
Disclaimer
This article is sponsored content and does not represent the views or opinions of BeInCrypto. While we adhere to the Trust Project guidelines for unbiased and transparent reporting, this content is created by a third party and is intended for promotional purposes. Readers are advised to verify information independently and consult with a professional before making decisions based on this sponsored content.
