Crypto News

Memecoin WAT Surges 75x In A Month, Insider Reaps Huge Profits

Memecoin WAT has skyrocketed 75 times in value within less than a month.

On June 19, iCrypto highlighted the activities of an insider with wallet address 0x1df6 (…) and his recent buying behavior.

This Insider Previously Bought 4.96 Billion WAT On June 18th

On June 18, this insider purchased 4.96 billion WAT for $3,600 at an average price of $0.00007286.

Over the past four days, the wallet has sold 2.3 billion WAT at prices ranging from $0.00042828 to $0.00043782, realizing a profit and loss (PnL) of $83,460, marking a staggering 3,426% return.

The remarkable surge in WAT’s value underscores the volatile yet lucrative nature of memecoins, where significant gains can be achieved in a short period. The insider’s strategic buying and timely selling have demonstrated the potential for substantial profits in this high-risk, high-reward market.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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