The Genesis of the Terminus Meme Coin
Trading meme coins on decentralized exchanges has become a favorite pastime for crypto investors, and one lucky Ethereum trader is the latest to turn into a millionaire doing this. The Ethereum trader was able to trade a mere $135 into more than $1.2 million in a matter of days. How? By buying an Elon Musk-inspired meme coin very early and holding it even after reaching the six-figure mark.
The Genesis Of The Terminus Meme Coin
On September 20, popular Dogecoin designer, known as DogeDesigner on X (formerly Twitter), took to the social media platform to share an interesting tidbit about Elon Musk’s continuous space exploration efforts. Keying into the discussions around the first space colony, DogeDesigner revealed that Elon Musk had said that the first city on Mars could be named “Terminus.”
The tweet quickly spread across the crypto community, garnering over 90,000 views, and it wasn’t long before the meme coins started popping up. However, one meme coin named “TERMINUS” on the Ethereum network quickly surpassed the rest. In less than two weeks, the market cap rose to over $3.5 million, and with it came an interesting story.
The Birth of a Millionaire
According to the on-chain data tracking platform, Lookonchain, a wallet spent $135 buying the TERMINUS meme coin very early on after it launched previously on September 8. When the market cap moved above $3.5 million as a result of the hype created by the DogeDesigner post, the meager $135 initial investment had turned to more than $124,000.
Despite the already impressive 920x return, the Ethereum trader refused to sell, preferring to hold onto their tokens, and this would pay off big time. The TERMINUS meme coin continued to see upside and by the fourth day, the market cap had crossed $35 million, essentially delivering another 1,000% gain on the already impressive return.
The wallet had bought 3.46 million TERMINUS tokens, and at $35 million market cap, the initial $135 investment had become $1.2 million. This means that the Ethereum trader was able to turn $135 into $1.2 million in only 15 days, an impressive feat by any standard.
The Rise of Meme Coins
The success of the TERMINUS token is just another in a long line of meme coins that have been successful due to the fact they were based on words associated with billionaire Elon Musk. Another notable example is the Grok meme coin, named after X’s artificial intelligence (AI) launched by billionaire Elon Musk. The meme coin had risen as high as $290 million before retracing to around $31 million, where it currently sits.
Conclusion
The TERMINUS meme coin’s success story serves as a testament to the power of social media and the potential for meme coins to create millionaire-making opportunities. As the crypto market continues to evolve, it’s likely that we’ll see more examples of meme coins achieving astronomical returns.
FAQs
Q: What is a meme coin?
A: A meme coin is a type of cryptocurrency that is based on a popular internet meme or joke. These coins often have a low market capitalization and are traded on decentralized exchanges.
Q: How did the TERMINUS meme coin gain popularity?
A: The TERMINUS meme coin gained popularity after a popular Dogecoin designer shared an interesting tidbit about Elon Musk’s continuous space exploration efforts, which included the mention of a potential city on Mars being named “Terminus.”
Q: What is the current market capitalization of the TERMINUS meme coin?
A: The current market capitalization of the TERMINUS meme coin is over $35 million.
Q: How much did the Ethereum trader who bought the TERMINUS meme coin initially invest?
A: The Ethereum trader initially invested $135 in the TERMINUS meme coin.
Q: How much did the Ethereum trader’s investment turn into?
A: The Ethereum trader’s initial investment of $135 turned into over $1.2 million in just 15 days.
