Meme Coin Whale Records $4M Profit With These PolitiFi Tokens

Amid a highly market witnessed recently in light of the U.S. elections, a meme coin diamond-hand trader nabbed substantial market attention

A meme coin diamond-hand trader has attracted attention by making massive profits.

On-chain data on Friday showed that a trader made nearly $4 million worth of profit trading Department Of Government Efficiency (DOGE) meme token.

At the same time, the trader also made significant profits on MAGA, sparking market discussions over potential investment strategies and future price movements.

The trader, identified as theunipcs.eth, made remarkable profits trading DOGE and MAGA, according to data from Lookonchain on November 8.

As per the data, this trader entered into trading the token when its market cap was $2.7 million. Notably, he spent 235 ETH, worth $584K, to buy 33.35M DOGE.

This trading strategy aided the diamond hand in making an unrealized profit of $4.12 million.

Meanwhile, data indicated that the same trader also started bagging MAGA at a $3 million market cap.

He spent 18.45 ETH, worth $57K, to buy 6.27 billion tokens.

This trade mover aided theunipcs.eth in making an unrealized profit of $395K.

However, it’s worth mentioning that at this coin’s peak, the trader’s holdings boasted an unrealized profit of $4.33 trillion.

Overall, these trades have underscored the highly volatile nature of the meme-themed crypto sector.

Other tokens held by the diamond hand, per Etherscan data, were FLOKI and QUBY, among others.

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