GMGN founder Haze turned a small $869.5 meme coin investment into $72,900 profit after selling during a panic, though the token later recovered to a $12.35 million market cap.
GMGN founder Haze invested $869.5 in a meme coin at a $45,000 market cap, achieving an unrealized gain of $520,000 when the coin peaked at a $27 million valuation. Haze held 1.92% of the supply before selling during a downturn at a $3.83 million market cap, securing a $72,900 profit. The token later rebounded to a $12.35 million market cap.