Cryptocurrency: We use a variety of instruments to invest. We remain worried due to high risk at some places and low returns at other places. However, if we tell you that a person earned Rs 100 crore from an investment of Rs 1 lakh in just 17 days, then you will be surprised. This may sound impossible but it is the whole truth. Actually, this person had invested this money in cryptocurrency. He had invested $1300 (about one lakh rupees) in the recently launched Moo Deng memecoin. This amount increased to $12 million (about Rs 100 crore) in just 17 days.
Allegations of insider trading
According to a Business Today report, an account named Lookonchain focuses on blockchain investment. According to him, the investor had invested money in Moo Deng by buying 9.8 Solana tokens for $1300. This investment was made on 10 September. By selling it on September 27, he made a profit of about 12 million dollars. Now traders have also accused it of insider trading. He says that the investor already had some information. It is not an easy thing to achieve such a huge amount in such a short time.
Name inspired by viral pygmy hippo Mu Deng
Moo Deng Coin is the same online product as Dogecoin. It was created to make fun of Bitcoin. Shiba Inu coin was created to make fun of Dogecoin. Moo Deng coin was named after Moo Deng, a two-month-old pygmy hippo that went viral on social media. Its caretakers at the zoo in Chon Buri, Thailand had posted videos on TikTok and Instagram a few weeks ago. After this he became an internet sensation with his antics.
It jumped 90 percent in just 24 hours
Moo Daeng is also a very popular breakfast in Thailand. According to The Guardian, she became a symbol of the endangered pygmy hippo after winning an online poll in August. Mimecoin has a short life. This continues only as long as it remains in the news. According to CNN, this coin has also become successful because of Mu Deng’s viral actions. According to the report, on September 27, it had jumped by 90 percent in just 24 hours.
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