blockchainreporter.net
In a surprising turn of events, the cryptocurrency sector is seeing a meteoric surge in two newly launched memecoins, $Terminus and $TERMINUS tokens. As per the prominent on-chain analytics platform Lookonchain, $TERMINUS has witnessed a 1000x rise while $Terminus has jumped by 500x in only three days. The analytics provider took to its official social media account to provide the details of this development.
$TERMINUS(@TERMINUS_CTO) is up 1000x in 3 days with a market cap of $42M. #TERMINUS
— Lookonchain (@lookonchain) September 24, 2024
$Terminus is up 500x in 3 days with a market cap of $7.2M! #Terminus
The upper vs. lower case war in #MEMEcoins goes on!
yamster.eth has earned $151.8K(306x) on $Terminus and $837K(355x) on… pic.twitter.com/eOh97cvzVE
$TERMINUS and $Terminus See a Remarkable Price Jump in Three Days
Lookonchain mentioned in a recent X post that the $TERMINUS token’s market capitalization has soared to $42M. In addition to this, the valuation of $Terminus has risen to $7.2 million. Both tokens play a significant role in the boom of the overall meme-coin sector. In this ecosystem, the hype on social media and the viral trend fuel the aggressive price swings. An interesting thing here is the current lower vs. upper case war. Hence, both $Terminus and $TERMINUS denote distinct coins irrespective of their nearly identical titles.
A Lucky Trader Leverages Both the Tokens to Pocket $151.8K and $837K in Profit
This has led to a stir across the crypto circles. Traders attempt to circumnavigate the chaos of analogously named coins with broadly dissimilar price trajectories. A noteworthy trader leveraging the respective volatility is “yamster.eth.” The trader has made significant profits from these tokens. Lookonchain noted that the trader effectively collected $151.8K on $Terminus, accounting for a 306x return.
Additionally, the traders made a massive profit of almost $837K on $TERMINUS, equaling 355x return. In a strategic development, just 3 hours back, yamster.eth traded 6.4B $Terminus coins for up to 31.22 $ETH (equaling $82.6K). the respective sale targeted offering liquidity for $TERMINUS. Even after that, the trader still has 2M tokens in holdings, accounting for $836K. Irrespective of cashing out a part of the position thereof, yamster.eth keeps maintaining a large holding of 4B $Terminus coins.
As reported earlier, $TERMINUS had a 10,000% rise in 15 days. A prominent crypto figure DogeDesigner reportedly drove this spike with a post. In that post, DogeDesigner speculated that Elon Musk Might label the 1st city on Mars as “Terminus.” This went viral and took the price of the project to enormous heights.