In an unexpected surge, the $HARRIS memecoin, themed around Kamala Harris, the 49th Vice President of the United States, has skyrocketed by over 2000% in the past 24 hours.
This impressive rally has propelled its market capitalization beyond the $4 million mark.
$HARRIS has garnered significant attention, especially from savvy traders. One such trader, identified by the address 0xf4055, has reportedly made substantial profits from this meme-inspired cryptocurrency.
This trader’s initial investment of approximately $605.89 in 33.2 billion $HARRIS tokens quickly paid off, as the coin’s value more than doubled. Realizing a return on investment (ROI) of an astounding 4432%, the trader made $147.46K in profits.
Despite selling after the initial price surge, the trader continued to demonstrate confidence in $HARRIS, repurchasing the token in four separate transactions and holding onto them since then. His portfolio also includes other cryptocurrencies such as $HARPER, $TIE, $NEWTON, $LWT, and $WIN.
The recent performance of $HARRIS highlights the speculative nature and volatile appeal of memecoins within the crypto market. Adding to its legitimacy, $HARRIS has recently been listed on LBank, a well-known cryptocurrency exchange, potentially attracting even more investors and traders.
As $HARRIS continues to capture the imagination of the crypto community, its meteoric rise underscores the unpredictable and often surprising trends in the world of digital currencies. Whether this momentum will sustain or taper off remains to be seen, but for now, $HARRIS stands as a testament to the speculative fervor driving the memecoin market.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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Image Source: loft39studio/123RF // Image Effects by Colorcinch
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