Trading meme-based cryptocurrencies launched on the Avalanche (AVAX) network has brought significant profits to two traders.

One fortunate investor purchased Coq Inu (COQ) tokens for approximately $150 and, just six days later, sold them for $240,000. This allowed them to increase their capital by 160 times. Interestingly, the trader sold their coins when their value significantly dropped after reaching its peak.

Another successful trader made a profitable deal with Landwolf (WOLF) tokens from December 11th to 13th. They invested $5,000 and managed to earn an unrealized profit of $193,000 because they didn't sell all their tokens. This success was aided by a powerful pump, resulting in WOLF's price increasing significantly from December 11th.

However, not all traders dealing with meme cryptocurrencies on the Avalanche network were fortunate this week. One of them invested 2 Ethereum (ETH) coins in Eggs (EGGS) and incurred an 80% loss. From December 12th to 14th, the price of these tokens plummeted by 94%, and after a slight recovery, it began to decline again.