[GMGN Founder Buys Nearly 2% of 'memes' in Internal Market, Misses Out on $450K Profit by Not Selling at Peak] BlockBeats reports that on January 21, GMGN founder Haze invested $869.5 at a market cap of $45,000 during the internal market phase of the meme coin 'memes,' acquiring approximately 1.92% of the tokens. Subsequently, the meme coin surged, reaching a peak market cap of $27 million, with Haze's unrealized gains once hitting $520,000. However, possibly influenced by He Yi's deleted tweet, the market panicked and sold off the meme coin. During this period, Haze sold his entire holdings at an average market cap of $3.83 million, realizing a profit of $72,900. Notably, the token rebounded afterward, and as of the time of writing, its market cap stands at $12.35 million.