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TL;DR A trader turned a meme coin investment into a $2.5M paper profit, holding through a 90% loss before the token’s 2,100% surge in early 2025. Meme coins are highly volatile and risky, with many losing value after peaks. Investors should be cautious and research thoroughly before jumping on the bandwagon. Victory at Last? The cryptocurrency world is full of examples of savvy traders making impressive profits by picking the right horse at the right time. Such was the case with one trader who spent $1.15 million to buy 20.46 million PIPPIN tokens in November. At first, the investment did not go as planned, and at one point, the person was sitting on a paper loss of approximately 90%. Recall that the aforementioned meme coin was trading at over $0.07 when the trader hopped on the bandwagon but declined substantially several weeks later. However, the individual endured the pressure and did not sell their holdings. At the start of 2025, the price of PIPPEN started climbing again, and as of the moment of this writing, it is worth around $0.23 (per CoinGecko’s data). This represents a whopping 2,100% increase on a weekly scale. PIPPEN, Source: CoinGecko Currently, the individual is sitting at a paper profit of more than $2.5 million. Many X users commenting on the post praised the “diamond hands” move. Others, though, doubted that the person would cash out, predicting a price crash for PIPPEN in the near future and a painful loss for the trader. Don’t Forget About the Risks Meme coins can be extremely volatile, allowing lucky traders to make huge profits in a short period of time. However, those enhanced price swings, combined with the fact that many of those tokens lack fundamental value in terms of utility or intrinsic worth, make dealing with them quite dangerous. There are lots of memes that were trending and witnessed impressive price spikes in the past months but currently stand far away from their peaks. Some examples include Popcat (POPCAT), Cat in a Dogs World (MEW), Peanut the Squirrel (PNUT) , Just a Chill Guy (CHILLGUY), and many more. Those about to enter the ecosystem should follow some key rules to avoid a devastating outcome, such as investing only as much as they are ready to lose and conducting proper research beforehand. You can also explore additional safety measures in our dedicated video: The post From 90% Dip to Millions: Trader Holds This Meme Coin for $2.5M Paper Profit appeared first on CryptoPotato .
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Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
Bitcoin Technical Analysis: A Breakout Above $96K Could Signal a New Rally
Bitcoin’s price fluctuates between $93,607 and $94,026 over the past hour, reflecting a market capitalization of $1.86 trillion. With a 24-hour trading volume of $63.28 billion and an intraday range spanning $91,215 to $95,098, bitcoin finds itself at a pivotal juncture. Bitcoin The daily chart illustrates bitcoin consolidating near its support band of $91,000 to Crypto Potato
2 cryptocurrencies to reach a $50 billion market cap in Q1 2025
The cryptocurrency market continues to attract investors with its dynamic growth and evolving opportunities. In this context, Finbold selected two cryptocurrencies with the potential to reach a $50 billion market cap in Q1 2025. This happens despite Bitcoin ( BTC ) facing a slight pullback, finding strong support around the $90,000 level, a critical threshold for market sentiment. However, the broader market reflected its unpredictable nature, with the global cryptocurrency market cap declining 1.8% over the last 24 hours to $3.43 trillion. Despite this short-term pullback, the market has shown consistent strength, building momentum across digital assets. This volatile yet promising environment highlights opportunities for standout performers like TRON ( TRX ) and Sui Network ( SUI ), which are well-positioned to achieve significant market cap milestones in the months ahead. TRON (TRX) Currently trading at $0.24 with a market cap of $20.68 billion, TRX is positioned for significant growth, with projections suggesting it could reach a $50 billion market cap by Q1 2025. Technical indicators support a bullish outlook, with an ascending channel pattern pointing to a potential price range of $1.65 to $2.20. TRX market cap. Source: CoinMarketCap This sentiment is reinforced by derivatives data , with a long/short ratio of 2.63 on Binance TRX/USDT pairs, highlighting strong bullish momentum. Open interest currently stands at $197.75 million, coupled with a trading volume of $273.97 million, reflecting active and increasing participation in the derivatives market. TRON’s dominance in stablecoin transactions further validates its upward trajectory. USDT on TRC-20 has recorded over 22 billion transfers, significantly outpacing Ethereum’s ERC-20 network, which stands at 2.6 billion transfers, according to CryptoQuant. Low transaction fees and faster confirmation times have solidified TRON as the preferred platform for global stablecoin transfers, with TRC-20 transactions in September alone nearly doubling those on ERC-20. With growing adoption by exchanges and a thriving ecosystem, TRON is poised to capitalize on these strengths and achieve significant market cap growth in 2025. Sui Network (SUI) Currently trading at $4.94 with a market cap of approximately $14.85 billion, Sui has shown remarkable growth, reaching a new all-time high of $5.35 earlier this month. Its ecosystem growth has been further validated by its inclusion in Grayscale’s GSCPxE Fund, signaling strong institutional interest. These developments, coupled with a consistent Total Value Locked (TVL) above $1 billion, peaking at $2 billion recently, highlight Sui’s robust activity and growing user engagement. SUI market cap. Source: CoinMarketCap With a price gain of over 11% since the start of the year, Sui’s bullish trajectory is supported by both its ecosystem expansion and broader market dynamics. Recent partnerships with major players like Franklin Templeton have significantly boosted its utility, alongside wallet integrations such as Phantom and Backpack that enhance its usability. These factors position Sui for significant growth, with analysts drawing strong parallels to Solana’s 2021 rally , suggesting Sui could follow a similar upward trajectory in the near future. These factors collectively position both TRX and SUI as key assets to watch as they edge closer to this significant milestone. Featured image via Shutterstock The post 2 cryptocurrencies to reach a $50 billion market cap in Q1 2025 appeared first on Finbold . Crypto Potato
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