There are many success stories in crypto of early investors hitting it big, from buying Bitcoin in the early days and enjoying the high life of a multi-millionaire. However, even today, traders are making millions by investing small sums in trending projects before their prices explode.
One of the most infamous millionaire-making projects in recent years was Shiba Inu, which along with Dogecoin, forged an entirely new category of investors, meme coin millionaires.
Trader Turns $32 into $2 Million by Buying Shiba Inu in 2021
On a fateful day in January 2021, an anonymous crypto wallet made a life-changing transaction, now valued at $2 million.
The trader swapped 225 $CVC for 256,146,355,769 Shiba Inu tokens. If the trader had kept the $CVC instead, it would be worth just $16.23 today. However, after swapping to Shiba Inu, the wallet is now sitting on a fortune, amounting to $2,044,047.92.
What’s more, the estimated value of the tokens was just $32 (0.02583 ETH) at the time of the token swap. This means the trader has netted a shocking 6,387,550% ROI in just over two years. Not bad right?
Interestingly, despite the monumental gains, the wallet has yet to take any profits. Since making the purchase, there has only been one transaction, and it was simply “dust” sent from another wallet.
The sender wallet made multiple of these small transactions around a year ago, amounting to just over 0.1 ETH. Therefore, it is unlikely it was the owner of the $2 million worth of $SHIB.
As such, the last time the trader was active was when they purchased the Shiba Inu over 900 days ago. Whether the owner lost access to the wallet or is waiting for even greater gains remains to be seen.
Currently, Shiba Inu is trading 90% below its all-time high. This means that at one point, this wallet was sitting on an eye-watering $20 million worth of Shiba Inu tokens.
Generally, most traders would have sold at least a portion of their holdings to lock in some profits. But who knows, maybe the trader wants to be the first meme coin billionaire.
Since Shiba Inu has already pumped so much, new traders are unlikely to get rich by investing a small amount.
Still, there is always other coins with potential to explode. Here are two of the most promising millionaire-making projects today.
Traders Think Wall Street Memes Could Make You Rich After Raising Over $25M in Presale
Renowned presale meme coin Wall Street Memes recently exceeded the $25 million mark in its ICO and is generating significant hype. In celebration, the project has announced a flurry of tier-one exchange listings to be expected soon.
The listings will begin in 35 days, leaving investors little time to front-run the masses and buy the project at presale. Respected analysts like Michael Wrubel believe the coin could make investors big returns.
Once listed on exchanges, Wall Street Memes will become known to a much wider audience, providing significant price potential.
Its presale has been embraced by the crypto community, raising $25 million in a little under four months. The reason is that Wall Street Memes is not just a meme coin. It’s a brand at the forefront of meme culture, boasting over one million followers across social media channels.
The team was inspired by the Wall Street Bets Reddit group and GameStop saga in 2021, with its website pledging to “tokenize the movement.” Since its launch, Wall Street Memes has fostered a following comprising multiple high-profile individuals who do not usually follow meme coins.
That said, of all its claims to fame, multiple Twitter engagements from Elon Musk put the project in the highest standing. As we saw with Dogecoin, Musk’s support can seemingly skyrocket a meme coin’s price overnight.
However, with tier-one exchange listings looming, time is running out to buy $WSM at its discounted presale price.
Sonik Coin Races to $100 Million Market Cap as Analysts Back it to 10X
Inspired by Sonic the Hedgehog, Sonik Coin is a new meme coin aiming to be the fastest crypto to reach a $100 million market cap. The plan? To use the funds raised at presale to fuel its marketing, supercharging its chances of success.
Some popular traders are already backing the token to net presale investors 10x returns.
However, the project also benefits those who buy its presale. It features a Stake-to-Earn mechanism, enabling users to earn passive rewards by staking their $SONIK tokens.
Yet unlike most presales, Sonik Coin investors can begin earning immediately. This is because they can buy and stake tokens simultaneously in the presale. Consequently, the project has been a massive hit, raising over $300K so far.
Another reason for its early success is its nostalgic allure for childhood Sonic the Hedgehog fans turned crypto degens. Furthermore, a new Sonic the Hedgehog movie is expected to begin filming shortly, potentially further rallying interest in the project.
With a $2 million hard cap and $300K raised, the presale will be over in a flash. Moreover, its fully-diluted market cap at launch sits at just over $4 million, leaving room for a whopping 25x to reach its $100 million target.
Still, with meme coins like Shiba Inu reaching multi-billion dollar valuations, who knows? Maybe Sonik Coin can run even further.