Crypto Trader That Made & Lost $1 Million In $BALD Scam Buys New Low Cap Meme Coin On Base
A crypto trader that made and then lost more than $1 million on $BALD, a meme coin that exploded to a market cap of $100 million over the weekend before crashing in price due to an apparent rug pull scam is touting a new low cap meme coin on Base called Toshi ($TOSHI).
Base is Coinbase’s Ethereum layer-2 scaling blockchain that is still in its fairly early testing stages, with limited access for the general public.
Toshi is a meme coin that is attempting to become the Dogecoin of the Base network, although it is actually themed on a cat.
As per a tweet from the Toshi team, the token is currently in the process of migrating across to SushiSwap, so trade is paused for now.
Prior to the migration, $TOSHI had close to 3,500 holders and had hit an all-time high price of just under $0.0002, nearly 3,000x up versus its DEX launch price of $0.000000007 on Sunday.
Cheatcoiner.eth appears to have a pretty strong track record for identifying small-cap gems.
On Wednesday, he bragged about investing 0.05 ETH into a token called $REPO that went as high as 11-12 ETH overnight, though he said he didn’t sell.
A look at his ERC-20 trading activity on Etherscan reveals some of the other coins he has been trading.
He recently turned 0.199 ETH into 0.256 ETH trading a token called $PNDX.
He recently turned 0.05 ETH into 0.385 ETH trading $BIL.
Not all of his trades are winners.
He appeared to lose about 0.1 ETH trading $INVADERS.
Cheatcoiner.eth goes into more detail about his methods in this lengthy thread.
On the topic of small cap crypto gems, a token that the team at Cryptonews.com really likes right now is a new meme coin project called Shibie Coin.
Shibie Coin is a combination of the viral Shiba Inu dog meme and Barbie, which is a trending topic
Read more on cryptonews.com
