"Small bet, big return! An investor made 4827x profit by investing in the meme coin COQ, with a market value of 2 million euros."

The meme coin COQ on Avalanche has recently caught the attention of the community, experiencing significant price surges and trading volume. One address even managed to turn $450 into a fortune of up to $2 million.

The Craze of Meme Coins on Avalanche

According to Lookonchain's research, an address that initially invested only $450 in the meme coin COQ earned 4827 times in just two weeks, with a market value of $2.19 million. The address has sold back $1.26 million worth of AVAX and still holds $259,000 worth of USDC.

A trader turned $454 into $2.19M in 2 weeks by trading $COQ, a gain of 4827x!

This trader spent 17.26 $AVAX($454) to buy 4.86T $COQ through 7 addresses, then sold 4.61T $COQ for 32,251 $AVAX($1.26M) and 259K $USDC.

Currently holding 250B $COQ($700K), the profit is ~$2.19M. pic.twitter.com/arsaX6Uey8

— Lookonchain (@lookonchain) December 19, 2023

The Rise of COQ Inu: A Chicken-Themed Meme Coin

COQ Inu, a meme coin with a chicken theme, has gained attention. Despite claiming to be purely for entertainment and having no intrinsic value or financial return expectations, the token has astonishingly surged to a market value of $230 million, bringing huge profits to early investors.

The Unique Appeal of Meme Coins

Recently, COQ Inu has stood out in the Avalanche ecosystem, attracting over 30,000 holders and generating $30 million in trading volume within just 24 hours, demonstrating its growing popularity and investor interest.

Rising Fees on Avalanche

The network fees on Avalanche have recently increased: