How These Solana Meme Coin Traders Turned $6,400 Into $8 Million In 24 Hours

Despite the current market downtrend, crypto traders are still finding ways to make life-changing gains. This is the case of some Solana meme coin traders who recently turned $6,400 into $8 million in 24 hours.

How These Solana Meme Coin Traders Turned $6,400 Into $8 Million

On-chain analytics platform Lookonchain revealed in an X (formerly Twitter) that these traders turned $6,400 into $8 million by investing in $TIM, a meme coin on Solana. 2 newly created wallets were said to have used 44.78 to buy 526.6 million $TIM (52.665 of the token’s total supply) within three minutes of launch.

These wallets then transferred their $TIM holdings (now worth around $8.28 million) to multiple addresses to avoid drawing attention. On-chain data shows that they are already looking to secure their profits, as they have been selling their $TIM tokens, although in small bits, to avoid a market crash.

Meme coins (especially ones on Solana) have continued to provide traders with significant gains, especially with Bitcoin and other major cap cryptocurrencies maintaining a downward trend. Bitcoinist previously reported of a trader who turned $1,800 into $11 million with Dogwifhat (WIF) by getting in early on the meme coin while it was still a micro-cap token.

Meanwhile, more recently, pseudonymous crypto trader Larp von Trier was reported to have turned $353 into $8.3 million by investing in $KEYCAT, a meme coin on Base. The layer-2 network (like Solana) has witnessed an influx of meme coin traders thanks to the barrage of meme coins that continue to launch on the network daily.

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Lookonchain also recently revealed a trader who turned $9,770 into $10 million in just a day. The trader spent 64.5 SOL to buy 97.36 million $GUMMY (another Solana-based meme coin) in the “same block where the $GUMMY deployer added liquidity.” Another trader turned $110,000 into 48.72 million in just 3 hours by buying $MANEKI.