Crypto KOL's $10,000 Purchase Boosts STARTUP Token 4000%

On May 15, on-chain data revealed that a prominent crypto Key Opinion Leader, him (@himgajria), purchased $10,000 worth of STARTUP tokens during a recent dip. This acquisition, which occurred approximately 30 minutes prior, amounted to 24,871,345 meme coins. Following this purchase, him actively promoted STARTUP on Platform X, leading to a significant surge in the token's value.

In the aftermath of him's actions, STARTUP experienced a short-term price increase of over 40 times its original value. The market capitalization of STARTUP skyrocketed from around $450,000 to over $20 million. Consequently, him's holdings in STARTUP also saw a substantial increase, with their market value rising to $430,000.

This event underscores the influence that Key Opinion Leaders can have on the crypto market, particularly with meme coins. The volatility of meme coin prices makes them susceptible to manipulation based on information from influential figures. Users are advised to exercise caution when investing in such assets, as the market can be highly unpredictable and subject to rapid fluctuations.