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A savvy trader turned a small investment into a fortune overnight, as the meme cryptocurrency named after Richard Dawkins, the evolutionary biologist, experienced a staggering surge in value.

What Happened: In just a few hours on Wednesday, the individual managed to convert $3,000 worth of Dawkoins DAW/USD into $215,000 following a spike in the coins market cap to $15 million.

On Wednesday, DAW outperformed top meme cryptocurrencies like Dogecoin DOGE/USD and Shiba Inu SHIB

The token, named Dawkoins, was introduced on the 83rd birthday of Dawkins, the man who initially coined the term meme in his influential 1976 book, The Selfish Gene.

To celebrate, supporters gifted him his very own cryptocurrency. Dawkins acknowledged the gesture in his tweet: Well, just fancy that, he posted, To commemorate my birthday, and the coining of the word meme, somebody has created a meme coin, the Dawkoin. I don't even know what that means, but it sounds intriguing.

Tesla CEO Elon Musk was also tickled by Dawkins post.

Dawkoins market cap swiftly climbed to over $15 million on Wednesday, with a total supply of 989,500,203.32 Dawkoins.

See More: Dogecoin HODLERs Are Beating Shiba Inu With 57% Landing In Profits, IntoTheBlock Data Reveals

Why It Matters: Another investor also saw a substantial profit leap of 7467% from an original investment of $555 to an amount roughly surpassing $42,000.

At the time of reporting, DAW decreased by 23% in value. Despite the drop, the trading volume for the coin hit $8 million in the last 24 hours, data from CoinGecko shows.

During a Tuesday X spaces event, the Dawkoin community leads announced the coin was community-driven without any team allocations. They stated plans to list the meme coin on CoinMarketCap and are considering partnerships with various centralized exchanges.Loading… Loading…

It should be noted that meme coins can experience rapid and unpredictable changes in value, often driven by social media attention.

Price Action: At the time of writing, DAW was trading at $0.00343, down 23.66% in the last 24 hours.

Read Next: Heres How Much You Should Invest In Shiba Inu Today For A $1M Payday If SHIB Hits 1 Cent?

Photo courtesy: Dawkoins.comLoading… Loading…

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