How to Make Money with Meme Coins and Become a Millionaire

• In a recent analysis, CoinGecko revealed that investors who buy meme coins early on can become millionaires as fast as one week while investing as little as $10.
• Based on the exponential data of its price, a $BONK investor was able to turn $26,668 into $1 million in just seven days
• Meanwhile, a $SHIB investor can turn $12 into $1 million in 453 days.

Known as a type of cryptocurrency created as a joke or meme, it is often based on a popular internet meme or trend, most of which are produced as parodies or satire of traditional cryptocurrencies, meme coin’ value depends primarily on their popularity and the level of social media hype they generate rather than any significant underlying technology or utility.

However, we cannot deny the fact that, despite not having a “goal” in mind, meme coins have become a way for some investors to profit from them, buying them at the start of their launch and then selling them once they get high enough in value.

In fact, in a recent analysis, CoinGecko revealed that investors who buy meme coins early on can become millionaires as fast as one week while investing as little as $10.

How Long Does It Take To Become A Meme Coin Millionaire?

CoinGecko data shows that it only takes $BONK investors seven days to become millionaires.

While among the coins on the list, $DOGE investors had the slowest time, taking 2,701 days before becoming a millionaire. That’s more than seven years of waiting.

This means that even though $BONK was launched last December, its exponential price pump remains the fastest on record among the 179 meme coins tracked by CoinGecko.

How Much Money Does It Take To Become A Meme Coin Millionaire?

Of course, $1 is unlikely to become $1 million instantaneously, but following their value trend after self-launch, here is a list of the money it took to invest in these coins and the days before they turned investors into coin millionaire memes:

• BONK: $26,668 to $1 million in seven days
• AIDOGE: $190,586 to $1 million in 13 days
• PEPE: $158,312 to $1 million in 14 days
• SOLDIER: $175,330 to $1 million in 15 days
• ELON: $20,839 to $1 million in 19 days
• 4 TOKENS: $57,613 to $1 million in 31 days
• FLOCY: $4,508 to $1 million in 130 days
• BABYDOGE: $28, 297 to $1 million in 222 days
• SHIB: $12 to $1 million in 453 days
• DOGE: $820 to $1 million in 2,701 days

For comparison only, not financial advice.

“An investor will need an average of $66,298.25 to become a meme coin millionaire, according to an analysis of the price returns of 10 meme coins. To reach $1 million in meme coin holdings, the minimum initial investment required ranges from $11.87 for Shiba Inu in 2020, to $190,585.57 for ArbDoge AI (AIDOGE) in 2023,” CoinGecko explains.

Meme Coin in the Philippines

Earlier this year, CoinGecko also reported that the Philippines was ranked fourth in the world in terms of interest in meme coins. As per data, 5.39% of Filipinos surveyed are interested in investing and holding meme coins.

The report also reveals that the top meme coins in the country are Floki, Shiba Inu, Baby Doge Coin, Bonk, and Pepe.

During the height of the hype surrounding meme coins in the country, local crypto exchange Coins.ph immediately added Pepe and Floki meme coins to its Coins Pro platform. The addition of meme coins is almost as fast as the Binance listing.

That’s because the CEO of the exchange, Wei Zhou, said during an interview with BitPinas that he believes that crypto exchanges should have meme coins because they are a big part of crypto culture.