The founder of GMGN missed out on nearly $450,000 in profits after failing to take profits at the peak of his "memes" purchase.

GMGN founder Haze invested $869.50 in the meme coin "memes" during its initial public offering (IPO) phase when its market capitalization was $45,000. His unrealized profit initially reached $520,000. However, possibly influenced by a deleted tweet from He Yi, the market experienced a panic sell-off of the meme coin. Haze sold all his holdings during this period, at an average price of $3.83 million, realizing a profit of $72,900. Notably, the token subsequently rebounded, and as of press time, its market capitalization was $12.35 million. Odaily reminds users that the price of meme coins is highly volatile, and investors should participate with caution.