đ„ A trader earned 23 million USD thanks to #memecoin contact #Solanaâ© !
A memecoin trader has made tens of millions of dollars in profits from trading Solana meme coins.
On April 26, blockchain data analytics company Lookonchain flagged the activities of a trader with a Solana Name Service account named âpaulo.sol.â
The cryptocurrency wallet has benefited from notable meme coins such as Dogwifhat ( $WIF ), Jeo Boden ( #BODEN ), and Bonk ( $BONK ).
This trader's trading strategy is detailed as follows:
đ Buy BONK early (November 2023):Â Seeing the strong rise of memecoin BONK at the end of last year, this trader bought and performed a swing trade, buying low and selling high. Total profit from trading BONK is about 6.28 million USD.
đ Buy WIF and BODEN on bullish signals:Â Do not buy immediately when these tokens launch, this trader only started buying heavily on WIF and BODEN when they first showed bullish signals. Specifically, this trader started buying WIF on December 4, 2023 and buying BODEN on March 6, 2024. To date, the total profit from trading memecoin WIF is 9.51 million USD, and BODEN is 7.04 million USD.
This trader's total profit from trading memecoins on Solana has now exceeded 22.83 million USD. Currently paulo.sol still holds about 7.6 million USD of BODEN tokens and 5.7 million USD of WIF tokens.
Additionally, this trader started buying other memecoins Pup (#PUPS ) and Popcat (#POPCAT ). Currently, this is also the largest holder of PUPS on Solana with a holding of nearly 6 million USD.
đŻ Investors should note that memecoin has high volatility, high profits often come with high risks. This article is for informational purposes only, not investment advice.
