The trader holds this meme coin for a paper profit of $2.5 million

TL;DR

One trader turned an investment in meme coins into a paper profit of $2.5 million, sustaining a 90% loss before the token’s 2,100% increase in early 2025. Meme coins are highly volatile and risky, and many lose value after peaks. Investors should be cautious and do their due diligence before jumping on the bandwagon. Victory at last?

The cryptocurrency world is full of examples of savvy traders making impressive profits by picking the right horse at the right time. This was the case for one trader who spent $1.15 million to buy 20.46 million PIPPIN tokens in November.

At first the investment did not go as planned and at one point the person was sitting on a paper loss of about 90%. Remember, the aforementioned meme coin was trading at over $0.07 when the trader jumped on the bandwagon, but it dropped substantially a few weeks later.

However, the individual withstood the pressure and did not sell his holdings. At the beginning of 2025, the price of PIPPEN started to rise again, and at the time of writing, it is worth about $0.23 (according to CoinGecko data). This represents an increase of 2,100% on a weekly basis.

PIPPEN, Source: CoinGecko

The individual currently has a paper profit of over $2.5 million. Many X users who commented on the post praised the “diamond hands” move. Others, however, doubted that the person would get paid, and predicted a fall in the price of PIPPEN in the near future and a painful loss for the trader.

Don’t forget the risks

Meme coins can be extremely volatile, allowing lucky traders to make huge profits in a short period of time. However, these enhanced price swings, combined with the fact that many of these tokens have no fundamental value in terms of utility or intrinsic value, make them quite dangerous to deal with.

There are many memes that were trending and witnessed impressive price rises in recent months, but are currently far from their peaks. Examples include Popcat (POPCAT), Cat in a Dogs World (MEW), Peanut the Squirrel (PNUT), Just a Chill Guy (CHILLGUY) and many more.

Those about to enter the ecosystem should follow a few key rules to avoid a devastating outcome, such as investing only what they are willing to lose and doing proper research beforehand. You can also explore additional security measures in our dedicated video:

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