Solana trader turns $35,000 into $9 million in 2 hours ♨️💲♨️
The Solana ecosystem is ablaze with opportunities, but tread carefully! A recent trader's move turned $35,000 into over $10 million by investing in the "cat in a dogs world" (MEW) meme coin on Solana.
🕰️ On March 26, at 5:23 am (UTC), the purchase was made, and by 7:16 am (UTC), Lookonchain reported the astonishing accomplishment.
💰 MEW was bought at $0.002023 on Raydium (RAY), now valued at $0.002688 with a market cap of $203.57 million, yielding unrealized profits exceeding $10 billion!
📉 However, with a 24-hour trading volume of $155.48 million, liquidity challenges loom. A hasty sell-off could plummet MEW's price, erasing gains.
🛑 Remember, trading meme coins poses liquidity risks. Unrealized gains vanish if not cashed out properly. Stay cautious and devise a clear entry and exit strategy when navigating the volatile Solana landscape.
📢 DISCLAIMER: This post is not investment advice. Trading involves risks, and capital is always at stake. Exercise caution and diligence.
