Investor Misses Out on $2.65 Million Profit by Selling MOODENG Tokens Prematurely
According to Odaily, a recent analysis by blockchain monitoring service Lookonchain revealed that an investor lost the chance to earn a staggering $2.65 million by selling MOODENG tokens too early. The investor initially acquired 19.4 million MOODENG tokens for just 1.5 SOL, roughly valued at $203.50. Afterward, the tokens were sold for 7.64 SOL, equivalent to about $1,039, yielding a profit of $835—a fourfold increase on the initial investment.
However, if the investor had retained the MOODENG tokens until now, the profit could have skyrocketed to $2.65 million, signifying an astonishing return of over 13,000 times the original investment. This considerable missed opportunity underscores the volatility and high stakes inherent in cryptocurrency investments, highlighting the potential for both significant gains and losses in this fast-paced market.