Trader Turns $2,275 into $2.26 Million with Solana Memecoin

A trader saw $2,275 in Solana (SOL) tokens balloon to a US$2.26 million profit within eight hours of trading the newly launched meme coin 1DOL. The trader, Sunday Funday, was part of the same inner circle. He used 13 SOL to purchase 242 million of the network’s native tokens, called 1DOL. Although they are useless, meme coins can reach insane valuations, which leads to some investors making a fortune. During the presale, this trader bought $72,000 worth of BOME tokens. Some investors may have sold due to fear; however, despite selling some BOME tokens for $7.66 million, he still has a substantial remaining balance of approximately $10.5 million. 1DOL18.05 — > $0,018 Cant the market then 4CANT) on and May meme coin levels Despite the absence of a website, it became an internet sensation, and even though its social media accounts had been banned, MyCoin was accused of being part of the Ponzi scheme and money laundering. In addition, 1DOL’s illiquidity prevents the trader from exiting all profits without moving them. As Hao Yang of the Bybit exchange remarked, meme coins such as 1DOL offer a glimpse at how frustrated younger people are with traditional finance. A trader has recently made $46 million from trading the Pepe (PEPE) meme coin after turning just a modest sum of 3,000 USD into this humongous amount to cash in on some epic volatility.