A mysterious trader has increased his funds from $140 to $450,000 by purchasing a new memecoin called Pochita.
Pochita, the meme that inspired Solana’s memecoin BONK, rose to fame after the famous dog’s owner adopted a new dog named Pochita. An unknown wallet using a wallet starting with “AjwF” purchased 1 SOL ($140) worth of tokens just one minute after its launch on Pump.fun.
Increasing Mobility in Memecoin
About 24 hours later, Pochita's holdings had grown to a market cap of $22 million. As a result, the initial purchase of 1 SOL is now worth over $450,000, according to DEX Screener, after AjwF sold just $450 since his initial purchase.
Blockchain analytics platform Bubblemaps told Decrypt that there was no immediately apparent online connection between early buyers and that most sold tokens during the price surge.
With the strong rise of Pochita, the memcecoin market has gained momentum. PEPE, WIF, and NEIRO are prominent names among the memecoins that have gained momentum along with the rise of Bitcoin. Memecoin stands out from both technical and fundamental analysis, continuing to attract the attention of cryptocurrency investors.
With the cryptocurrency market trending upwards, the rise of memecoin could accelerate. It would be useful to monitor other trends as it does so. For example, outflows from the DePin, Artificial Intelligence, and RWA categories could increase demand for memecoin. However, high volatility could occur during this process.
