From 45,000 to 27 million: The story of meme coin's huge profits and market risks

ForkMonger · 2026-01-21T11:04:10+00:00

This article describes Haze's trading case in the early stage of the meme coin "memes." He invested $869.5 to acquire 1.92% of the tokens, and the market cap once soared to $27 million, with unrealized gains peaking at $52,000. Subsequently, due to market concentration selling, he exited when the market cap was $3.83 million, ultimately making a profit of $7,290. This case demonstrates the high volatility and risks of the meme coin market.

ForkMonger

2026-01-21 11:04:10

Abstract generation in progress

【BlockBeats】An interesting meme coin trading case. Haze, the founder of a well-known on-chain trading platform, made a move on January 21st during the early stage of the meme coin “memes” on the spot market, when its market cap was only $45,000. He invested $869.50 to acquire a 1.92% stake.

The subsequent rise was a textbook-level surge—market cap skyrocketed to $27 million, and Haze’s paper profit reached as high as $520,000. At first glance, this trade seemed perfect.

But the market suddenly turned volatile. Due to fluctuations in market sentiment, the meme coin experienced a concentrated sell-off. Haze decided to exit completely when the market cap reached $3.83 million, ultimately realizing a profit of $72,900. The operation appeared well-timed, avoiding a rollercoaster.

Interestingly, after the sell-off, the coin’s price rebounded. As of the time of writing, the token’s market cap has returned to $12.35 million. The entire process vividly reflects the high volatility characteristic of the meme coin market—opportunities for quick wealth are also accompanied by liquidity risks, and entry timing and exit decisions often determine the final gains.

MEME0,41%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

12 Likes

Reward
12
5
Repost
Share

Comment

0/400

BlockTalk

· 9h ago

This is the fate of meme coins—making quick money while risking your life. Haze's recent move was actually quite prudent; a return of over 70,000% isn't bad, but seeing the rebound to a market cap of 12 million... it's a bit regrettable. Grasping the opportunity to turn 60 times early on already makes you a top player; most people don't even qualify to get on the train. It's easier to say than to do. If it were me, I might be greedy and go all in. This coin started at just 45,000, and as long as it's still alive, I guess that's a win. It's so exciting that my blood pressure is soaring. I don't understand why people are still buying meme coins, but isn't that the thrill of gambling? Rebounding to 12.35 million—so what? When it's time to act, just do it. Greed is the biggest risk.

View OriginalReply0

MagicBean

· 9h ago

If I had known earlier, I would have taken it all. It's too late to regret after the rebound haha A profit of 70,000 yuan looks pretty good, but missing out on the subsequent gains... this is the magic of meme coins Haze's recent operation can actually be considered cautious; many people are greedily risking it all to zero Taking out more than half of the unrealized profit of 520,000 yuan before exiting, how strong must one's mentality be Rebounds are so common; the market is always teaching people how to regret Entering at 869 yuan and sitting on 520,000 yuan—I've dreamed of this countless times I just don't dare to get in, everyone. Watching others make money is even more exciting than making money myself

View OriginalReply0

FlashLoanLord

· 9h ago

Really incredible, this guy forcibly cut from a floating profit of 520,000 to 72,900... If I had this mindset, I would have already given up. This is meme coin, all the gains are just paper wealth; only what you can cash out is real. I'm a bit regretful; if I had held a little longer, the market cap would have returned to 12.35 million. Speaking of early luck, it really takes fortune; who could have predicted that a 45,000 market cap would explode to 27 million? It's never wrong to exit timely; after all, it's already 60x, what more could you want?

View OriginalReply0

RuntimeError

· 9h ago

Haha, this is the fate of meme coins. When you make money, you have to run. It's really hard to judge when the top is, Haze's recent performance isn't bad at all. I can't learn the strategy of early ambush and bottom-fishing. In my opinion, it still depends on luck. Who can predict accurately? The coin's rebound later is like mocking his decision. Actually, a profit of 70,000 is already quite a lot. Greed is deadly. My question is, are you brave enough to buy when the market cap is at 45,000... Meme coins are just gambling; they can make money or lose it. Timing is everything; one step wrong can make all the difference.

View OriginalReply0

Rugman_Walking

· 9h ago

This is the magic of meme coins. Making over 70,000 and then running away, yet still feeling lucky. It’s truly incredible that it went back up afterward.

View OriginalReply0