The memecoin market is pure speculation, so we're talking about a really high risk trade. However, who sometimes does not put something on one card, will not know if it was worth it, and will not drink champagne. Just recently, a new token appeared in this segment of cryptocurrencies that whales instantly rushed to, and as you can see, it paid off.
Another memcoin has been mined on the Solana blockchain that has captured the attention of whales in a very short time. It is a token called Cat in a Dogs World (MEW),
One such investor put $135,000 into SOL to buy 4.41 billion MEW, which earned him $8.9 million in two hours.

A new week is a new trend among memecoins

If you're not yet sick of the revelations about the memecoin craze that has been going on for the past few weeks, we have another crazy example for you from this segment of the cryptocurrency market. This situation shows how quickly the hype around one token passes in favor of the next project.
There was the boom of PEPE and BONK, then Dogwifcoin (WIF) appeared, at the same time Floki Inu started to grow actively, last weekend we told you about Book of Memes (BOME), and now the memcoin community has chosen a new favorite. It's also mined on the Solana blockchain, as are most similar tokens - Cat in a Dogs World (MEW).
One of the reasons we heard about this project coming to market is that Cat, who made a ton of money on the aforementioned BOME token last week, has now converted $135k in SOL into 4.41 billion MEW (which is 5% of the token's total supply), and sold it 2 hours later for $8.9 million after the token's value jumped 255x.
Yes, it's crazy, according to a post on an account tracking the whale's movements on the blockchain. But will anyone get hurt or cheated in the process? No, because it is well known what rules this market operates under.
The freshly launched token has already been listed on cryptocurrency exchange LBank, among others
In general, memcoins can make many traders millionaires in a very short period of time, provided that the trader knows how to navigate this market and is lucky. However, it is important to remember that trading this digital asset class based solely on speculation can also lead to significant losses. This is where the hours, if not the minutes, really matter.