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A trader turned $727 into $2.42 million in four days and now plans to invest in the promising DeFi coin FXGuys.
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According to Lookonchain, a trader invested $727 and gained $2.42 million in just four days. This trader is on the move now and is about to invest his GOAT gains on this new DeFi coin, FX Guys (FXG).
The meme coin sector has been quite the sensation in the past year, from BONK and Dogwifhat (WIF) surge to the top meme coins on the Solana Network. Now we have one of the latest meme launches, Goatseus Maximus (GOAT), doing the numbers, and one particular trader has just hit some good fortune on the project.
This trader is now moving funds to one of the most promising altcoins to buy, FXGuys, to reap even better profits as it prepares for a grand launch.
GOAT memes: The newest crypto market craze
The Solana meme space has become quite the force lately. The memes benefit from the reputation of sector leaders BONK and WIF, as the latest GOAT token is getting traction.
The token launched on Raydium last week and has surged about 20,900%. If anyone felt superstitious, they would say it is PEPE all over again. The surge has taken GOAT into the top trending column, and the token is set to lead the week’s gainers.
Alongside its bullish price, the market cap is also through the roof now, sitting in the region of $272 million. GOAT entered the top 10 meme coins list in less than a week.
The token price is currently about $0.3397, with 246.94% gains in the past week, according to CoinMarketCap. While the best of GOAT’s surge might be over, the crypto market might switch to DeFi for stability.
Lucky trader makes $2.24 million from GOAT listing
The trending news in the market is of a trader who flipped $727 to $2.24 million in less than a week of trading GOAT, according to LookonChain data. He is only one of many who have gained massively from the meme coin.
Further, traders are still farming the profits off of GOAT, and the FXGuys presale is one place they want to invest in.
The trader turns to FXGuys to capitalize on the rise of new DeFi
Meme coins are known for their highly volatile transitions, as most meme tokens fade into irrelevance soon after launch. Now that traders are gaining massively from the GOAT project, new Defi projects like FXGuys will be next in line to benefit from the massive cash injection.
FXGuys is the frontier for a relatively new form of DeFi known as PropFi. Proprietary finance entails providing capital for traders to access institutional and whale domain markets so retail traders can compete. Profits generated are split between the prop funding provider and the expert trader.
The whole idea stems from the fact that most traders are operating below their potential, and with more capital to trade with, they will be in much better positions to earn massive ROI.
There are crypto loan initiatives that provide users with funding, but PropFi on FXGuys operates differently. Here, the traders only provide collateral after they are funded. FXGuys will simply organize a contest to challenge the traders with simulations so they can pick competent traders for funding.
Traders are selected for their consistent success in recording profits while trading. The trading challenge is scheduled to hold presale Stage 4, and funding could go as high as $500,000 per trader.
Another incredible feature of the project is staking. The FXGuys project allows investors to stake their assets in the trading community, where the profits will be shared based on the agreed-upon ratio. This allows $FXG holders to boost their earnings passively.
Investors and traders get to share the gains in a 20-80 ratio, or as their agreement goes. The presale is a chance to accumulate the FXG PropFi tokens; the tokens are already in Stage 1 of the public presale.
The best DeFi presale of 2024: Investors want some FXG too
The FXG coins are available in Stage 1 of their public presale, with each coin going for $0.03. Analysts are backing the FX and crypto trading token to launch at $0.10, which means the token has the potential to rise by 233% in price above its current level.
The GOAT meme profits are great, but The FX Guys is a viable option for investments–short-term and long-term.
For more information, visit the FXGuys website, read the whitepaper, and join the Telegram community for the latest updates.
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This article first appeared at crypto.news
