The cryptocurrency market is filled with stories of investors making millions. In one of the recent episodes, with an initial investment of 5 ETH (about $12,000), a crypto trader gained over $3.3 million off the PepeFork ($PORK) coin.
Many traders looking to recreate this have been looking for the best altcoins to buy have stumbled on Galaxy Fox ($GFOX). Let’s find out how this new ICO crypto looks to outperform other memecoins.
What you'll learn 👉
Savvy Trader Turns 5 ETH Into $3.3 Million From PorkFork ($PORK)
According to LookOnChain, a crypto trader carefully bought and sold the PorkFork ($PORK) token, converting an initial investment of five Ethereum (ETH) into an astonishing $3.3 million. Linked to $PEPE, PorkFork was ranked as one of the best meme coins to buy.
The trader initially invested 5 ETH (worth approximately $12,000) in PORK, purchasing 9.5 trillion tokens shortly after the cryptocurrency began trading. The dealer then sold 6.3 trillion coins back into ETH, resulting in a net gain of 329 ETH tokens worth $765,000.
Following the purchase, the trader kept 3.2 trillion PORK, estimated to be worth approximately $2.55 million. In all, the trader earned over $3.3 million from his initial investment of 5 ETH. Some crypto commentators have attributed the success of these trades to insider information.
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Show more +PORK, described as a PEPE fork by its developers, is exchanged on platforms such as Uniswap and MEXC. The meme coin saw an amazing 450% increase in less than two days, making it one of the best altcoins to buy. However, Galaxy Fox ($GFOX) is a new memecoin that could surpass these gains.
Galaxy Fox ($GFOX) Sets Out To Revolutionize the Meme Coin Industry
While the gains of $PORK are nothing short of impressive, many crypto experts are banking on Galaxy Fox ($GFOX)) to create even more millionaires. Many top figures in the crypto space are backing Galaxy Fox because of its drive to transform the meme coin space.
Galaxy Fox is creating a gaming ecosystem that will eliminate the narrative that meme coins are only fueled by hype and no utility. As such, the Galaxy Fox ecosystem features a play-to-earn (P2E) game, some of the coolest NFT collections, a staking platform with incentives, and a merchandise store.
Because of its utility and high development potential, Galaxy Fox has received a lot of attention from investors. The project, for example, has raised more than $3.20 million and is presently in its seventh round of presale.
While the ERC20 coin is priced at $0.00198, many investors are sure it would outperform $PORK with gains of up to 100x. A major reason for this is the superior tokenomics model. PorkFork has a total supply of 420.69 trillion tokens, making it challenging for it to appreciate over time.
On the other hand, Galaxy Fox will launch with only 5 billion tokens. In addition, the team has included a burn mechanism for $GFOX. This means that the value of the token stands a better chance at long term appreciation than other meme coins.
Closing Thoughts
While the recent report of the trader making $3.3 million has caught the attention of many, investors looking for the best altcoins to buy are turning to Galaxy Fox. With the project improving on the meme coin ecosystem, $GFOX could create the most new crypto millionaires in 2024. To become one, you need to join what is now regarded as one of the best ICO presales in crypto’s recent history.
Learn more about Galaxy Fox ($GFOX) here:
Visit Galaxy Fox Presale | Join The Telegram Group | Follow Galaxy Fox on Twitter
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