An unknown person earned $6,3 million in a month on investments in the APU meme token

On March 11, he invested less than 3 ETH coins in the asset

12.04.2024 - 11:35

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3 min

What’s new? Lookonchain analysts discovered a user address that increased his investments 697 times in a month. Thus, on March 11, he spent 2385 native coins of the Ethereum blockchain worth $9000 to buy 8,36 billion APU tokens on the decentralized exchange (DEX) Uniswap. Since then, the asset’s exchange rate has increased manifold, and the value of the coins in the trader’s wallet has reached $6,27 million. The user continues to hold APU and has not yet recorded a profit.

Source: Twitter.com

What else is known? Apu Apustaja (APU) is a meme token that uses the Apu Apustaja meme, also known as “Little Pepe,” as its mascot, depicting a deliberately sloppy redraw of the Pepe the Frog character by cartoonist Matt Furie. The original character, in turn, is a mascot for PEPE, one of the leading meme tokens with a capitalization of over $3 billion.

APU’s creators write that given the ever-growing popularity of the meme, its penetration into the world of finance is “only natural.” APU is currently only available for purchase on Uniswap using ETH.

The total supply is 420,69 billion coins, of which 19,7% have been burned, with the remaining assets locked in a liquidity pool. The project also does not charge fees when buying or selling APU.

Apu Apustaja’s roadmap involves four major phases, the first of which — launch, listing on DEX, and crossing the 1000-holder threshold - has already been completed. In the second, a listing on the centralized exchanges (CEXs), strategic partnerships, and crossing the 10,000-holder threshold are expected. The third, in addition to increasing the number of holders, is expected to achieve a market capitalization of $100+ million. The fourth will see the launch of the NFT collection.

Creators of popular meme tokens on the BNB Chain will be able to receive up to $1 million in rewards

For this to happen, the coin’s trading volume must exceed the $30 billion mark

Earlier, Lookonchain shared how a trader increased his investment by 1684x on an investment in Solana-based meme token SC, while another user earned $1,5 million on the NFT marketplace Tensor’s airdrop.

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