BOME Founder Posts 'Crying Horse' Meme, Address Earns Over $100K Profit

iconKuCoinFlash
Share
Share IconShare IconShare IconShare IconShare IconShare IconCopy
AI summary iconSummary

expand icon
Meme coin news broke on January 14 as the top holder of the "Crying Horse" token bought in at a $56,700 market cap with $1,270, now holding a 2% supply stake and over $100,000 in profit. BOME founder @Darkfarms1 posted a similar meme one hour earlier, possibly fueling the token's 5x short-term surge. New token listings often see sharp price swings, and Blockbeats warns that meme coins are highly volatile and driven by hype with no real use cases. Investors should remain cautious.

BlockBeats News, January 14, according to... GMGN Market data shows that the address ranked first on the "Crying Horse" list made a "large investment" of $1,270 in this token when its market cap was only $56,700. This address holds 2% of the token supply and now has a floating profit exceeding $100,000.


The founder of the well-known meme coin BOME, @Darkfarms1, posted a meme similar to "crying horse" one hour ago, which might be the main driver behind the token's short-term surge of five times.


BlockBeats reminds users that Meme coins experience significant trading volatility, largely relying on market sentiment and concept hype, without actual value or use cases. Investors should be aware of the risks.

Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.