Memecoin hunter takes $3200 profit: Pochita shakes up the market!

A mysterious trader bought a new memecoin called Pochita, taking his $140 to $450,000.

Pochita came about after the owner of the famous dog that inspired Solana’s popular altcoin BONK adopted a new dog named Pochita. An anonymous wallet using a wallet that started with “AjwF” bought 1 SOL ($140) worth of the tokens just a minute after they were released on Pump.fun.

The trader’s Pochita token reached a market value of $22 million 24 hours later. According to DEX Screener, AjwF’s initial purchase of 1 SOL had risen to $450,000.

Blockchain analytics platform Bubblemaps told Decrypt that there was no immediately discernible onchain connection among early buyers, and most had already sold the tokens during the rally.

With the sharp rise of Pochita, some altcoins gained momentum. With the rise of Bitcoin, PEPE, WIF and NEIRO became prominent names among memecoins that stepped on the gas. Memecoins, which stand out in terms of both technical and fundamental analysis, continue to attract the attention of crypto investors.

The rise in memecoins may accelerate with the upward progress of the cryptocurrency market. It would be useful to follow other trends in this process. For example, money outflow from DePin, Artificial Intelligence and RWA categories may increase the demand for memecoins. If money inflow to memecoins increases, PEPE, DOGE, $WIF , $FLOKI , $SHIB and NEIRO may show themselves first. However, high volatility may be experienced in this process.

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