Trader Reaps 920-Fold Profit on TERMINUS Meme Token

An anonymous trader has earned over $124,000 in two weeks from the meme token TERMINUS, multiplying their deposit by 920 times, according to analysts at Lookonchain.

After @cb_doge tweeted, «The first city on Mars could be named ‘Terminus’ — Elon Musk,» #MEMEcoin $TERMINUS soared over 10000%!

A lucky individual spent only $135 to buy $TERMINUS on Sept 8, which is now worth $124.3K, a 920x return!https://t.co/fcIyuLc8Va pic.twitter.com/DXpt6hy1XH

— Lookonchain (@lookonchain) September 21, 2024

According to experts, on September 8, the user spent $135 on purchasing tokens.

On September 20, Dogecoin graphic designer known as DogeDesigner tweeted that billionaire Elon Musk might name the first city on Mars Terminus.

The first city on Mars could be named ‘Terminus’.

一 Elon Musk

pic.twitter.com/h6MlzJQkNJ

— DogeDesigner (@cb_doge) September 20, 2024

Following this, TERMINUS prices soared by more than 10,000%, noted Lookonchain. Experts valued the user’s tokens at $124,300.

Previously, an insider trader earned $5.6 million from DADDY, promoted by Andrew Tate. The former kickboxer launched the meme token as a competitor to the MOTHER coin by singer Iggy Azalea.

In June, some users made millions from the listing of WaterCoin (WATER) on the Jupiter and Raydium exchanges. Immediately after trading began, the meme token surged by 83%, which brought $2.9 million to one trader.

Ethereum co-founder Vitalik Buterin criticized celebrity experiments with meme coins and urged a focus on projects that benefit the public rather than enriching insiders.