An investor who bought a new Solana meme coin called Pochita turned $140 into $450,000 in less than 24 hours – and they haven't sold most of it yet.

The coin emerged and quickly surged after the owner of the famous dog that inspired Solana’s BONK coin adopted a new dog named Pochita on Wednesday. The news sparked a flurry of memes inspired by the dog from investors — and unlike the Neiro civil war, one token quickly emerged as the winner.

An unidentified trader, using a wallet beginning with “AjwF,” purchased 1 SOL ($140 at the time) worth of the token just over a minute after it launched on Pump.Fun. They were the 19th person to purchase more than 0.05 SOL ($7) worth of Pochita, placing a sizable bet on the new token.

Interestingly, the trader had bought and sold two other Pochita-themed tokens just seconds before the big winner was identified. He continued to buy and sell memecoins, including other Pochita tokens, but for some reason held onto this one throughout the initial craze.

Nearly 24 hours later, the Pochita token has surged to a market cap of $22 million, while other tokens have fallen by the wayside. As a result, the initial 1 SOL investment is now worth over $450,000, according to DEX Screener, after AjwF sold just $450 in the hours since his initial purchase. This makes the trader the largest holder of Pochita with 2.18% of the total supply.

Blockchain analytics firm Bubblemaps said there was no clear chain link between the early buyers and that most sold their tokens during the price surge. This is typically a sign that the token is not controlled by insiders or insider trading, although the firm cautioned that it cannot be 100% certain at this stage.

However, with 2.18% of the total supply, this trader could significantly decrease the price if they sell the token to take profit. However, it should be noted that AjwF would suffer a significant loss if they decided to sell all at once. Since he holds a large portion of the total supply, a large amount of slippage would occur.

This could explain why traders have started splitting their funds into different wallets – a similar behavior to that exhibited by the “Moo Deng millionaire.” Currently holding funds in five separate wallets, the lucky trader is splitting the funds to make it easier to sell tokens without being noticed.

Pochita is now down 45% from its all-time high of $35 million, reached just over eight hours ago. Did AjwF miss the perfect opportunity to cash in? It’s a common meme coin tragedy. As billionaire investor Mark Cuban said in an interview with Rug Radio this week, meme trading is a high-stakes game of timing.

Perhaps the most famous is the story of the Dogecoin millionaires, Shiba Inu, Pepe, Bonk, the “diamond hands” who held them for years.

Recently, a trader turned $800 into $10 million with Moo Deng. According to blockchain data, they have not sold yet even though the token is down 45% from its all-time high.

Source: https://tapchibitcoin.io/trader-da-bien-140-thanh-450-000-chi-trong-24-gio-voi-memecoin-pochita.html