A meme coin investor has achieved significant success amidst the discussions surrounding the launch of the ELIZA token. On-chain data indicates that this investor made substantial profits from the token in question.
Success of the Meme Coin Investor
According to data presented by Lookonchain on November 19, a meme coin investor transformed $1,900 into $3.67 million within just two hours. The executed transactions yielded considerable profits through strategic trading of the ELIZA token.
Similarly, other investors have also garnered substantial profits from newly launched tokens. For instance, one investor turned $33,000 into $12.2 million within just 24 days. While such strategies provoke significant discussions in the market, they also lead to losses exceeding 99% more often than rare gains.
Launch Discussions
The discussions surrounding the launch of the ELIZA token raised concerns regarding the token’s future. The release of another token under the same name captured investors’ attention.
Shaw, a partner at ai16z, commented on ELIZA, stating, “The token’s initial launch was scheduled for last Friday but was postponed until Monday. However, another token with the same name was launched by unknown creators.”
Shaw also noted that they are collaborating with the founders of the token launched through the vvaifu.fun platform. This situation hinted at the potential backing of the ELIZA token by ai16z.
While these discussions shook investor confidence, some investors still realized significant gains. This event highlights the need to closely monitor fluctuations in the meme coin market and investor behaviors. Investors should exercise caution and conduct thorough research on the organizations behind such tokens.
