A mysterious trader has bought a new #memecoin called #pochita , taking his $140 to $450,000.

Pochita came about after the owner of the meme-famous dog that inspired Solana’s BONK memecoin adopted a new dog called Pochita. Using a budget starting with “AjwF,” an anonymous wallet bought 1 SOL ($140) worth of the tokens on Pump.fun just one minute after they were released.

Memecoin activity has been increasing for about 24 hours, with the largest Pochita token increasing in a market of 22 million. As a result, the first purchase of 1 SOL is now worth over $450,000, according to DEX Screener, after only 450 sales since AjwF’s initial purchase.

Blockchain analysis platform Bubblemaps told Decrypt that there was no immediately noticeable onchain connection among early buyers, and that the majority held tokens during the rise.

The memecoin market gained momentum with Pochita's sharp rise. PEPE, WIF and NEIRO were the prominent names among memecoins that stepped up with the rise of Bitcoin. Memecoins, which stand out from both technical and fundamental analysis perspectives, continue to attract the attention of crypto investors.

The rise in memecoins may accelerate with the linear progression of the cryptocurrency market. It will be useful to follow other trends of this process. For example, it is possible that DePin, Artificial Intelligence and RWA do not experience an outflow of money and the demand for memecoins can be met. However, high volatility may be experienced during this process.

#solana #memecoins #binance