An Ether trader who invested $8,300 in a frog-themed memecoin a month ago is now 750 times richer after the token’s price skyrocketed. On April 11, the price of a memecoin called Apu Apustaja surged, sending its market capitalization to almost $200 million. Blockchain analytics firm Lookonchain flagged a trader’s move to invest in APU a month before its recent price action. Price chart for the APU memecoin.
This could mean that the trader simply wanted to move it to another wallet or has decided to sell the tokens through a peer-to-peer transaction. Trader transferring the tokens to another wallet. Source: Etherscan Community members also shared their opinions about what they believed may have happened. An X user praised the tokenholder for “still holding,” while another assumed the crypto wallet belonged to a developer.
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