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Trader earns $26 million by investing in Solana meme tokens
Wow! Amazing news from the earth of cryptocurrency! A trader has recently raked in a whopping $26 million by smartly investing tokens on Solana.
In accordance to the astounding workforce at Lookonchain, on Nov. 11, 2023, a trader regarded as paulo.sol noticed the price tag of Bonk (BONK) surging and determined to soar in. By skillfully navigating the swings in charges, this trader managed to pocket close to $6.28 million.
But the enjoyment didn’t quit there! This trader went on to dabble in Dogwifhat (WIF) on Dec. 4, 2023, and Jeo Boden (BODEN) in March. The two situations had been golden options as meme coins were being on the rise.
In complete, paulo.sol designed a sweet $9.51 million and $7.04 million from investing these two cash at peak costs. Now, the trader holds $7.6 million well worth of BODEN and $5.7 million worthy of of WIF.
Not contented with these gains, the trader has ongoing to expand their portfolio. Just a short while ago, they acquired a staggering 9.3 million in Popcat, valued at $4.9 million, earning them the next-biggest holder of the token.
Bravo to this savvy trader! Ailtra analyst Zia ul Haque has very little but praise for their daring moves and strategic decisions. In accordance to Zia, this trader didn’t just get fortunate – they did their research and analyzed the crypto industry diligently.
Although these success stories are inspiring, authorities in the crypto entire world are advising caution when working with meme cash on Solana. On-chain analyst ZachXBT has discovered that in excess of 40% of tasks in the Solana ecosystem halted improvement just a month soon after the pre-sale.
In a extensive review, ZachXBT found that out of 27 projects that elevated about 655,000 SOL throughout the token pre-sale, a stressing 12 had been joined to fraudulent pursuits.
