Meme Coin on Solana Network Gained Thousands of Dollars to 2.3 Million in 5 Months!

One trader made jaws drop by making a profit of $2.3 million with 1,705x the profit he realized.

On-chain data and analysis account Lookonchain included a trader's extraordinary gain in a post on Twitter on May 20.

The investor in question made a profit of $1,361 to $2.32 million in a short period of 5 months. On December 24, 2023, investors paid a total of 12 SOL from the meme coin on the Solana (SOL) network called PONKE, which was 5.21 million.

The investor, who became rich with the massive increase in PONKE price, made a total gain of 1.705x.

While many investors gained wealth from meme coins on the Solana network, some suffered serious money losses. It was previously revealed that an investor lost money in all 11 meme coin trials.