Solana Trader Misses $1m Profit From New BOME Meme Coin

A user with the address shatter.sol bought the BOME meme token on the Solana network and earned over $100,000 in a day but missed $1 million profit.

According to Lookonchain on-chain data, on March 13, the trader purchased 170.25 million Book of Meme (BOME) for 50 Solana (SOL), which was worth $8,500 at the time of the transaction. The next day, the trader sold the assets for 767 SOL, which was worth around $130,000.

The 170.25M $BOME this guy sold for 767 $SOL($131K) yesterday is now worth 5,440 $SOL ($956K)!If only he had been more patient!https://t.co/vSdGzrwoOW pic.twitter.com/xr1YaeR2CI

— Lookonchain (@lookonchain) March 15, 2024

A day later, according to CoinMarketCap, the token rate increased from $0.00005 to $0.00671 – by almost 600%. Potentially, shatter.sol could have earned around $950,000 if it sold coins at this price, Lookonchain notes.

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