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Solana memecoin jackpot: Trader turns $226K into $1.69m in lightning-fast gamble

Solana

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TL;DR

  • Memecoin Mania: Solana’s quick gains – $1.69M from $226K in 5 days.
  • Bonk (BONK) outpaces SHIB and DOGE, surging 370% in 30 days.
  • Saga mobile phone sparks Bonk frenzy, 30M token airdrop for owners.

In the midst of the ongoing Solana memecoin frenzy, one intrepid trader has made headlines by turning a modest $226,000 investment into a staggering $1.69 million windfall in a mere five days. 

The key to this astonishing success? A beanie-wearing dog-themed cryptocurrency known as Dogwifhat (WIF). This remarkable feat has captured the attention of the cryptocurrency community and serves as yet another testament to the wild, unpredictable world of digital assets.

A remarkable transformation: From $226K to $1.69M in five days

an unidentified crypto trader plunged into the world of Dogwifhat (WIF) tokens, which had recently made its debut on the Solana network. 

With an average purchase price of $0.01137 per token, this trader acquired over 19 million WIF tokens. Fast forward just five days, and the value of these tokens has soared, now standing at approximately $1.69 million. This represents a jaw-dropping profit of approximately $1.47 million in less than a week.

The Solana ecosystem’s memecoin surge

The meteoric rise of Dogwifhat (WIF) is part of a broader trend within the Solana ecosystem, which has witnessed a surge in memecoin popularity. This newfound interest has propelled various memecoins based on the Solana network to deliver substantial gains. 

A recent example of this trend is Bonk (BONK), another dog-themed memecoin that skyrocketed to become the third-largest memecoin by market capitalization, sharing the limelight with well-known canine-themed tokens like Shiba Inu (SHIB) and Dogecoin (DOGE).

Saga mobile phone and the memecoin airdrop

The release of the Solana Saga mobile phone coincided with the growing excitement surrounding Bonk (BONK). As an added bonus, Saga phone owners received an airdrop of 30 million Bonk tokens. 

With the memecoin’s price on the rise, users seized the opportunity to purchase the phone and subsequently sell the tokens, capitalizing on the burgeoning interest in Bonk and the potential for substantial profits.

Disclaimer: The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decision.

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Lacton Muriuki

Lacton is an experienced journalist specializing in blockchain-based technologies, including NFTs and cryptocurrency. He dabbles in daily crypto news rich with well-researched stats. He adds aesthetic appeal, adding a human face to technology.

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