A memecoin trader cashed out millions in profits from several positions on meme-themed tokens in Solana
On April 26, blockchain analysis firm Lookonchain flagged the movements of a trader with the Solana Name Service account called “paulo.sol.” The crypto wallet realized profits on meme tokens like Dogwifhat (WIF), Jeo Boden (BODEN) and Bonk (BONK).
The trader invested in BONK as early as Nov. 11, 2023. The user noticed that the meme coin was rising and bought tokens. The trader then performed swing trades, buying at lows and selling at highs. In total, the trader made about $6.28 million trading BONK.
Meanwhile, the trader also noticed WIF and BODEN. When the tokens first went online, the Solana memecoin holder did not immediately jump into them.
Overall, the trader realized over $22.83 million from flipping Solana-based meme tokens. While the trader already secured millions in profits, the crypto user still holds $7.6 million in BODEN tokens and $5.7 million in WIF at the time of writing.
