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Make money from investment ✌️【Stock Market】✌️Start with ₹500 and see the power of compound growth. Enjoy fast and secure returns!Dumb money is roaring back into the crypto markets, with one trader turning $1,000 into well over $100,000 by betting on, of all things, a token whose mascot is adog wearing a beanie.Pseudonymous crypto enthusiast Blockgraze told CoinDesk he bought the memecoin Dogwifhat (WIF) in late November, shortly after it debuted on the Solana blockchain's DeFi markets."I thought the dog with the hat was very funny and so I bought some," he said, noting he's since realized $25,000 in profits while letting the rest of his gamble ride in hiswallet.And a gamble it truly is.

Make money from investment ✌️【Stock Market】✌️Start with ₹500 and see the power of compound growth. Enjoy fast and secure returns!Anyone can spin up a cryptocurrency, create a market for it and hope it catches some bids.

Make money from investment ✌️【Stock Market】✌️Start with ₹500 and see the power of compound growth. Enjoy fast and secure returns!But those associated with memes, and particularly with memes of the shiba inu dog breed, have a tendency to balloon in value and sometimes even endure.That much was true of Solana's top memecoin, BONK.

It launched last Christmas in an airdrop and quickly rallied before dying down.

It began climbing again in October and just this weekgot listed by Coinbase, signaling how funny money can yield big business.Still, 100x memecoin trades are more luck than skill, said Blockgraze, a part-time crypto trader who said he works with consumer startups.

He compares it to gambling.Danny is CoinDesk's managing editor for Data & Tokens.

He formerly ran investigations for the Tufts Daily.

Make money from investment ✌️【Stock Market】✌️Start with ₹500 and see the power of compound growth. Enjoy fast and secure returns!At CoinDesk, his beats include (but are not limited to): federal policy, regulation, securities law, exchanges, the Solana ecosystem, smart money doing dumb things, dumb money doing smart things and tungsten cubes.

He owns BTC, ETH and SOL tokens, as well as the LinksDAO NFT.Make money from investment Manage Your Wealth, Achieve High Returns