On September 21, Lookonchain tracking system reported a dramatic surge in the price of a new meme coin following a tweet by Dogecoin’s UX/UI designer, DogeDesigner. The tweet, which referenced Elon Musk, sparked a massive price increase in the Terminus (TERMINUS) coin, driving its value up by over 10,000%.
Meme Coin Price Spike
In the tweet, DogeDesigner stated: “The first city on Mars could be called ‘Terminus’ – Elon Musk.” Shortly after, the Terminus meme coin experienced a massive price surge. In the world of cryptocurrency, sudden and dramatic price movements are not uncommon, especially when Elon Musk’s name is involved. However, this particular surge has been extraordinary, with Lookonchain data showing Terminus increasing in value by more than 10,000%. The connection between Elon Musk and meme coins has been known to cause significant price action in the past, but this instance has created substantial wealth for Terminus coin holders.
After @cb_doge tweeted, “The first city on Mars could be named ‘Terminus’ – Elon Musk,” #MEMEcoin $TERMINUS soared over 10000%!
A lucky individual spent only $135 to buy $TERMINUS on Sept 8, which is now worth $124.3K, a 920x return!https://t.co/fcIyuLc8Va pic.twitter.com/DXpt6hy1XH
— Lookonchain (@lookonchain) September 21, 2024
Investors Win Big with Terminus
One of the most notable success stories is an investor who purchased just $135 worth of Terminus on September 8. As of September 21, that investment had skyrocketed to $124,000, yielding a return of 920x. These kinds of returns are rare in the crypto world, and they highlight the highly speculative and volatile nature of meme coins.
Why Are Meme Coins So Popular?
The surge in Terminus has once again demonstrated the unpredictable nature of meme coins and the significant interest in projects associated with Elon Musk. Investors often flock to these coins in the hopes of short-term gains, but they should remain aware of the high risk involved. While coins like Terminus can offer huge profits, they can also be subject to extreme price fluctuations and sudden crashes.
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