A crypto trader recently turned $8,600 worth of Solana (SOL) into $1.26 million trading a meme coin called Sad Hamster ($HAMMY). The trader 139X’d his meme coin bet in just 55 days. As one trading analyst recently told his audience of 1.2 million followers on X, “This could happen only in crypto!”

As he told one follower further down the thread, “Memecoins is a hit-or-miss game.” Not every coin hits, but the ones that do hit big and fly high. The gains can also disappear like a flash in the pan if the project’s investors aren’t thinking long term and hold some of their tokens during abrupt rallies like Hammy’s to keep the gravity turned up and attract more inflows.

Something to keep in mind for investors who pick up tokens in new projects as Ethereum $KAI Cat continues to rock its presale, with some $200,000+ worth of $ETH raised toward its success.

Sad Hamster has a market cap valuation around $47 million at the time of writing, according to CoinGecko data. Seeing a rodent coin scurry up the charts with such force and acclaim, a lot of crypto investors are wondering if the force is strong with other dog competitors like cat coins in this market cycle. Cat cryptos like Kai Cat could be next.

https://x.com/TheCryptoLark/status/1787838753928527899

HAMMY has only been around since March. The meme coin launched in early March, rose to $0.008 on Apr. 4, before settling to support around $0.0015. After that it made a moon shot starting on May 2, rising to $0.07 on May 7. So crypto traders should not fear a correction after an altcoin’s first rally. Bagholding can yield big benefits in a short amount of time.

Referring to Hammy’s market cap, one on-chain crypto gem trader wrote a post to their followers on X saying, “I tried to tell you at 400K I’m telling you again here at 10m $Hammy is the single most viral meme in 2024.”

The technically most viral meme in 2024 so far, however, is Solana PopCat ($POPCAT), which posted 3,424% gains in Q1 from Jan. 1 – Mar. 31, according to CoinGecko data. That may be why Ethereum Kai Cat ($KAI) has raised nearly $200,000 in $ETH in a matter of days.

Cryptocurrency has been dominated by dog-themed meme coins in the fashion of the beloved Shiba Inu meme originally made popular by Reddit a decade ago. It was probably just a matter of time before cat meme coins gave the dogs a run for their money. 

They used to call New York the city that never sleeps. But blockchain has truly created a city that never sleeps. Thought leaders in the field are calling it Web 3.0.

In a market that moves as fast as crypto, hanging on to the last big thing like Dogecoin or Shiba Inu is a way to consolidate and secure your savings, not the way to grow it into true wealth within an unreasonably short timeframe. 

With the advent of $PopCat in January, we are beginning to see the meme coin refrain that highlighted new projects last year, “The Dog Days Are Over” coming true in 2024. While that applied to Pepe ($PEPE), a frog coin last year, what could more obviously be the next new thing after dog memes than cat memes?
That’s why Kai Cat ($KAI) might be worth capitalizing with some extra funds this month for investors looking to get in early on some of the most exciting new meme coin products in Q2. A presale is a perfect time to buy a worthwhile token, because anyone with an Ethereum wallet can be a capitalist and fund a new currency at the pre-market price.

Disclaimer: We advise readers to do their own research before interacting with any featured companies. The information provided is not financial or legal advice. Neither CaptainAltcoin nor any third party recommends buying or selling any financial products. Investing in cryptoassets is high-risk; consider the potential for loss. CaptainAltcoin is not liable for any damages or losses from using or relying on this content.

The post A Trader 139X’d His Money In 55 Days With $HAMMY. Don’t Miss Altcoin Gems Like $KAI Cat appeared first on CaptainAltcoin.

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