How A Zimbabwean Crypto Investor Turned US$2K Into US$90K With Meme-Coin Wikicat

📅 Published: August 26, 2025

Curated by AllZimNews.com

Though the token’s value later retraced to aroundUS$40,000 (≈ R744,000), this remains a huge win.

The crypto investor shared this journey in a WhatsApp group, with screenshots and wallet data to back it up. “That US$2,000 you transferred me the first time… it grew to 40k. ”“Yakatombosvika pa 90 grand before the retracement” (It once reached US$90,000 before retracing).

Yet this remarkable gain comes with a warning.

Meme coins such as Wikicat can skyrocket and crash just as fast.

We explore how these tokens work, why they attract both excitement and risk, and what Zimbabweans should know before diving in.

Wikicat belongs to a class of cryptocurrencies popularly known asmeme coins.

These are tokens that often begin as internet jokes or community projects but can attract massive followings.

Unlike Bitcoin or Ethereum, meme coins often have no intrinsic use beyond trading.

Meme coins often lack utility.

Their value comes from social media buzz, celebrity attention, or viral memes.

They rise on sentiment, not fundamentals.

Dogecoin is the most famous example.

Created in 2013 as a parody, it was once worth fractions of a cent.

In May 2021, fuelled by social media hype and celebrity mentions, Dogecoin’s market capitalisation briefly exceeded US$80 billion (about R1. 5 trillion).

Another case is Shiba Inu, which at its peak in October 2021 saw arise of over 43,000,000%from its launch price.