Memecoin ($MEME) continues to be one of the weakest crypto assets, a trend that becomes especially apparent on days like today.

An early pre-sale investor recently deposited 127.5 million $MEME, valued at $1.55 million, to Binance just an hour ago, earning a staggering $1.41 million profit.

Memecoin raised $15.8 million through two rounds of pre-sales, with the pre-sale price set at $0.001. The recent transaction underscores the significant gains early investors have realized, with this particular investor achieving a 1,105% return.

$MEME Gets The Attention After Coinbase Recent Announcement 

Despite its current market struggles, $MEME has garnered attention with Coinbase’s recent announcement. Coinbase will support Ethereum-based memecoin $MEME perpetual futures on Coinbase Advanced, with $MEME-PERP trading set to go live on August 8.

This upcoming launch could influence $MEME’s market dynamics, potentially providing a new avenue for traders and investors to engage with the token. As $MEME grapples with its market performance, the introduction of perpetual futures may offer some stability and attract fresh interest.

In the volatile world of cryptocurrency, $MEME’s journey highlights the high-risk, high-reward nature of memecoins. As the market continues to evolve, investors and traders will be watching closely to see how $MEME navigates its current challenges and leverages new opportunities like the Coinbase listing.

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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