Trading Memecoins, This Trader Made Rp 374 Billion Profit

Trading Memecoins, This Trader Made Rp 374 Billion Profit

On-chain, a memecoin trader has managed to generate US$6.28 million from BONK, US$9.51 million from WIF, and US$7.04 million with BODEN. The total profit earned is around US$23 million (Rp 374 billion).

Profiting from Memecoins BONK, WIF, and Boden

On April 26, 2024, a blockchain analysis account on the X platform, Lookonchain, highlighted the on-chain activities of a trader with a Solana Name Service account named paulo.sol. This crypto wallet has garnered profits from memecoins Dogwifhat (WIF), Jeo Boden (BODEN), and Bonk (BONK).


The trader began buying BONK on November 11, 2023. They then engaged in swing trading, buying low and selling high. Overall, the trader made approximately US$6.28 million from BONK trading.

Meanwhile, the trader also kept an eye on WIF and BODEN. When these tokens were initially launched, the trader didn't immediately jump in to buy.

However, the trader started buying in large amounts when they showed the first signs of upward swings. The trader began buying WIF on December 4, 2023, and BODEN on March 6, 2024. Overall, the trader gained US$9.51 million from WIF trading and US$7.04 million from BODEN.

Image: Wallet paulo.sol. Source: Solscan.

In total, the trader made around US$23 million (Rp 374 billion) from flipping Solana-based memecoins. Despite securing millions in profits, this crypto user still holds US$8.9 million in WIF and US$4.7 million in POPCAT tokens at the time of writing this article (26/4/2024).

A user X stated that this trader isn't just lucky but has "stronger conviction" than others.
Another user said that this trader has diamond hands, a term used to describe crypto traders who can hold onto tokens even under pressure.

Conclusion

the remarkable success story of this memecoin trader exemplifies the lucrative potential within the volatile world of cryptocurrency. Through meticulous observation, strategic timing, and decisive action, they capitalized on the market dynamics of BONK, WIF, and BODEN, yielding an astounding profit of Rp 374 billion.

Their ability to adapt to market shifts and maintain confidence in their investments, as noted by fellow users, underscores the importance of conviction and resilience in navigating the crypto landscape. Despite already securing substantial gains, their retention of significant holdings indicates a continued belief in future opportunities within the market.

This success story serves as a testament to the possibilities for wealth creation within the realm of digital assets, showcasing the rewards that await those with the insight, discipline, and fortitude to seize them.

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*Disclaimer:

This content aims to enrich reader information. Always conduct independent research and use disposable income before investing. All buying, selling, and crypto asset investment activities are the reader's responsibility.