Trader Makes $140k With Moo Deng Coin

Smart money investors continue to print generation wealth with new meme coins.  As the Goatseus Maximus rally cooled down, Solana meme coin Moo Deng saw its price double

Smart money investors are continuing to print generational wealth with new meme coins.

As the Goatseus Maximus rally cooled down, Solana meme coin Moo Deng saw its price double in a span of a few minutes following its listing on Binance Futures.

A crypto whale noticed this opportunity and printed $140k in profits in less than 20 minutes.

Trader Makes $140k With Moo Deng Coin

According to data from Lookonchain, the trader made a cool $140k by swapping 1,300 SOL coins for 2.77 million $MOODENG in the same second as Binance Futures listed the meme coin on its platform. Twenty minutes later, he dumped his Moo Deng holdings for 2,109 SOL.

This isn’t his first rodeo with new Binance meme coins either. He made $17k in profits on Thursday after Binance Futures announced its GOAT listing.

The precision and timing of his trades suggest that the trader could be a Binance insider. However, there isn’t any additional proof to verify this thesis.

Is It Still A Good Time To Buy Moo Deng Coin?

The trader in question sold his MOODENG holdings, locking in his profits. However, could it still be a good time for sidelined investors to buy the Moo Deng coin?

The meme coin is currently trading at $0.169 with a market capitalization of 160 million, up over 120% from its daily open. It has breached the upper trendline of the falling wedge it has been trading inside after hitting its all-time high last month.

However, its Relative Strength Index (RSI) is now hovering above the 80 mark in the 4-hour chart, which typically indicates that the asset is overbought. Meanwhile, its daily RSI is currently at 63 and is inching towards the key 70 overbought level.

Consequently, the possibility of a short-term correction cannot be ignored, which could potentially offer a better entry for sidelined investors.

However, with its Binance Futures listing, prominent crypto investors believe that Moo Deng could be the next billion-dollar meme coin.

Could Flockerz Be The Next 100x Crypto?

The success of Moo Deng, GOAT and NEIRO has once again showcased that new meme coins will continue to dominate this bull cycle, hence the term meme coin supercycle.

Smart money investors are already hunting for the next low-cap meme coin to explode, and Flockerz (FLOCK) has emerged as a standout choice.

Flockerz, the self-proclaimed people’s meme coin, is in high demand during its presale, having already raised over $1 million in early