The meme frenzy continues as Pepe the Frog profits heavily from the meme coin RFD.

Who says meme coins are out of fashion? From Elon Musk's favorite Dogecoin to the recent PEPE, meme coins have been all the rage. The latest addition to the meme coin craze is RefundCoin (RFD), which emerged just a few days ago without a whitepaper. Its website features a meme-style design with flying banknotes. The tokenomics only reveal one address and a total supply of 1 trillion tokens. Despite the lack of information, RFD has surged more than 5 times since its listing on the 22nd. Are people going crazy for money?

Pepe-Frog Makes Big Profit with Meme Coins

According to data company Arkham's tweet, the address pepe-frog.eth, with a meme-like name, has made a big profit in recent days by using RFD meme coins.

4 days ago, pepe-frog took his life savings from Binance and aped into RFD, a coin that was not even 2 days old.

RFD was a memetoken that attempted to capture attention from a large number of users who wanted a refund from ben.eth's presale. pic.twitter.com/8TKVCu4Og6

— Arkham (@ArkhamIntel) May 25, 2023

He first withdrew 50.586 ETH from Binance, valued at $92,390.

Then, he bought a total of 9,505,452,000 RFD coins in batches, consisting of 8,178,000,000+11,107,000+26,345,000+1,290,000,000.

He then liquidated all and converted it to USDT, increasing his total assets to $660,000.

Subsequently, he went all-in on RFD again during a dip, acquiring a total of 13 billion coins, accounting for 1.3% of the total supply. At the current price of $0.000081, the value exceeded $1 million. Within just 4 days, he made a profit of 11.4 times his initial investment.