Traders Made $3.3 Million on MEME Memecoin in Less Than 12 Hours

Two traders collectively earned over $3.3 million on the $MEME memecoin in less than 12 hours. This was reported by Lookonchain analysts.

According to Lookonchain, one trader created a wallet 21 days ago. During this time, he traded only eight tokens. On September 4, 2026, he purchased 16.11 million $MEME, spending $2,972 on it. Later, he sold 750,000 $MEME for $85,300.

At the time of publication, the trader still held 15.36 million $MEME, valued at $2.03 million. Thus, his profit exceeded $2.1 million, and his investment grew approximately 713 times.

Another trader, known as Frenk, also capitalized on the early rise of $MEME.

Lookonchain stated that he spent $1,491 to purchase 11 million $MEME. This position is now valued at over $1.2 million. Thus, the trader achieved approximately an 810-fold profit in less than 12 hours.

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History of the $MEME Token

The $MEME (A Meme Coin) memecoin emerged on the new Robinhood Chain blockchain as a joke tied to the 2021 confrontation between retail traders and Wall Street. The creators launched the token in a direct pairing with the tokenized shares of the AMC theater network, playing on the abbreviation as AMC = A Meme Coin.

Attention to the asset was drawn by a real conflict situation. AMC CEO Adam Aron publicly condemned Robinhood for the unregistered tokenization of his company's stock and threatened legal consequences, to which Robinhood founder Vlad Tenev ironically responded, "What's the problem?". The $MEME team capitalized on this media scandal, turning the dispute between the two executives into a free marketing campaign. Read more about it in the article: