Solana: One Trader Earns $23M Through BONK, WIF Meme Coins
The presence of the Solana community is again as one notable dealer has earned $23 million by means of BONK, Dogwifhat (WIF), and different meme cash. Certainly, LookonChain reported the huge revenue earned by one dealer who took full benefit of Solana’s meme coin mania that has dominated a lot of the 12 months.
The dealer reportedly realized earnings on Friday for positions held within the two aforementioned meme cash together with Jeo Boden (BODEN). All through his funding journey to amass earnings, the commerce obtained $6.28 million from BONK, $9.51 million from WIF, and eventually greater than $7 million from BODEN.
Solana Meme Coin Dealer Cashes Out $23 Million
The talk throughout the digital asset market relating to the long-term viability of meme cash has been ongoing. But, it has not stopped the belongings from main buyers to tremendously excessive earnings. That was very true for one investor making the most of the current surge in meme cash that passed off earlier this 12 months.
Particularly, the Solana community helped one dealer $23 million in earnings by means of an spend money on the Blockchains meme cash. Particularly, positions in BONK, WIF, and BODEN led to the huge money out from the buyers.
In accordance with LookonChain, the dealer invested in BONK as early as November eleventh. The person has famous its elevated worth and bought among the belongings. Moreover, they utilized swing trades- shopping for low and promoting high- to earn greater than $6 million from the coin.
When the 2 different meme cash started to point out some upward momentum, he didn’t hesitate to seize them as properly. On December 4th the buyers bought WIF, whereas he began buying and selling BODEN as just lately as March.
The dealer has investments made in meme cash like Pup (PUPS) and Popcaat (POPCAT). Contemplating their great success out there it’s now a shock they’re persevering with to take a position. The continuing actuality of meme cash is their capability to skyrocket costs, regardless of their lack of utility.