Solana Meme Coin Frenzy: Investor Nets $200,000 in Just 5 Minutes
During the 2024 bull season, trades involving meme coins on the Solana network sparked discussions as one investor managed to turn 9 $SOL into 1238 SOL, equivalent to $200,000, within a mere 5-minute window. With a staggering 137-fold profit, this individual seized a lucrative opportunity amidst the Solana-meme coin craze, which has persisted since the emergence of $BONK in November 2023 and continued with $WIF .
Operating within the fast-paced Solana network, the investor initiated the transaction with a modest investment of 9 SOL tokens (approximately $1470) and swiftly amassed 28.5 million TOBI tokens. Taking advantage of TOBI's rapid price surge, the investor offloaded all tokens within 5 minutes, transforming the initial 9 SOL into 1238 SOL.
Such substantial gains have become increasingly common within the Solana network, prompting scrutiny over the timing of trades coinciding with liquidity injections by project teams—a potential indicator of insider information acquisition.
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