Meme Coin TCC Deployer Nets Only $76,000, Missing Out on Peak $434 Million Upside

BlockBeats News, July 6th, according to GMGN monitoring, the deployer (0x699) of the Meme coin TCC reportedly bought in when the token's market cap was around $12,800, invested approximately $10,200. Subsequently, during the TCC market cap increase, the address sold in batches around an average market cap of approximately $124,000, ultimately profiting only about $76,000.

Calculating based on the average selling price compared to TCC's peak market cap of around $70.88 million, the deploying address may have made about 571 times profit, with a potential maximum profit of about $43.44 million at one point. Even based on the current market cap, its potential profit is still around $22.94 million.

At the time of writing, TCC's market cap is currently around $37.80 million, experiencing a retracement of about 47% from its peak, with a 24-hour trading volume as high as $64.50 million.

BlockBeats Note: Meme coins are highly volatile, relying heavily on market sentiment and concept hype, without actual value or use case. Investors should be cautious of the risks involved.