Crypto News | From 90% Dip to Millions: Trader Holds This Meme Coin for $2.5M Paper Profit Dimitar Dzhondzhorov | usagoldmines.com

Currently, the individual is sitting at a paper profit of more than $2.5 million. Many X users commenting on the post praised the “diamond hands” move. Others, though, doubted that the person would cash out, predicting a price crash for PIPPEN in the near future and a painful loss for the trader.

Don’t Forget About the Risks

Meme coins can be extremely volatile, allowing lucky traders to make huge profits in a short period of time. However, those enhanced price swings, combined with the fact that many of those tokens lack fundamental value in terms of utility or intrinsic worth, make dealing with them quite dangerous.