Profit Taking Has Started in the Meme Coin Reaching 100 Million: They Are Liquidating!

After its launch, the meme coin that quickly surpassed the 100 million dollar barrier has seen its winning investors begin to take profits.

According to data shared by Lookonchain, a major investor has started serious profit-taking in the meme coin USELESS, which reached a market value of 100 million dollars in a short time.

USELESS, which has become one of the popular meme coins in recent times, has passed an important milestone by raising its market value to 100 million dollars. However, after this rise, some investors quickly took the path of realizing their profits.

According to the information conveyed by Lookonchain, a smart trader named Cooker.hl sold 5 million USELESS tokens today and obtained a total of 3.278 Solana (SOL) in return. The monetary equivalent of this sale was approximately 481 thousand dollars.

Despite this large sale, Cooker.hl did not sell all of his tokens. The trader still holds 9.26 million USELESS tokens, and the current market value of this amount is approximately 949 thousand dollars. The total profit obtained has reached 1.29 million dollars with the sale.

Such sudden sales, frequently seen in the meme coin market, can be a serious warning signal for investors. The activity in USELESS tokens may indicate that short-term sales will continue in the market.