The meme coin sector on the Solana blockchain has experienced remarkable growth, with its total market cap climbing to $12.2 billion.
Key tokens, including WIF, POPCAT, and BONK, are at the forefront, sparking high investor interest and fueling Solana’s expanding ecosystem.
WIF leads the pack as the most valuable meme token, closely followed by POPCAT and BONK—all showing impressive growth and popularity among traders.
🟤#Memecoins #Facts🟤
The #Solana blockchain's meme coin market has reached a $12.2 billion market cap, with tokens like #WIF, #POPCAT, and #BONK leading the surge. WIF is the top meme token, followed by POPCAT and BONK, all showing strong growth and investor interest in the… pic.twitter.com/kMftSMC9Zq— All Facts Crypto (@AllFactsCrypto) October 31, 2024
While insiders often have the upper hand in these volatile markets, some savvy individual traders have managed to secure substantial profits trading meme coins.
Recently, four standout traders each netted over $1 million from trading thousands of different meme coins on the Solana blockchain, demonstrating a knack for spotting lucrative opportunities.
Over $1.90 Million Profit Recorded For This Whale
One notable trader, identified as DfMx…Xhzj, traded an astonishing 8,002 meme coins, earning a total of $1.95 million with a win rate of 69.2%. Another, CWvd…C8ou, profited $1.94 million by trading 1,246 meme coins, boasting a 56.9% win rate. Trader ve94…V4kk saw similar success, pocketing $1.82 million from 3,919 trades with a win rate of 55.81%. Lastly, 5mtb…7u7e achieved $1.51 million in profits by trading 7,251 meme coins, maintaining a win rate of 46.93%.
Who can make big money on #MEMEcoins besides insiders?
We found 4 smart traders who each made over $1 million trading #MEMEcoins—and they all traded thousands of different #MEMEcoins to get there!
DfMx…Xhzj traded 8,002 #MEMEcoins, making $1.95M with a 69.2% win rate.… pic.twitter.com/2MHAjvroRw
— Lookonchain (@lookonchain) October 31, 2024
In recent updates, Solana’s $PONKE, associated with @ponkesol, emerged as the top-performing token in 24-hour gains among the 500 largest coins by market cap. This trend further emphasizes the growing appeal of meme coins within the Solana blockchain, offering high-risk but potentially high-reward opportunities for shrewd traders.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
Image Source: maximusnd/123RF // Image Effects by Colorcinch
