Crazy Profit From Meme Coin Trader: They Made Millions With Those Two Coins!

On-chain data shows that a trader trading on the Solana blockchain caught one of the latest trends in meme coin assets and made a profit of $1.6 million.

A trader spotted by Lookonchain has made huge profits by going long on Wen, a meme coin built on Solana.

Lookonchain says the trader earned $682,000 on a USDC basis and still has $941,000 in unrealized profits in his wallet. Moreover, these profits were realized in less than 14 hours.

On the first day of trading on WEN, the trader spent 125,500 USDC and received 20 billion tokens. He then sold 12.5 billion of them, earning USDC 807,000 and opting to leave the rest in the wallet.

Following Solana's strong rallies in 2023, Dogecoin (DOGE) has further strengthened its position with several assets exploding over the past few months, including rival BONK.

Lookonchain reported earlier this month that a BONK trader bought more than three billion BONK following a decline.

The meme coin trader earned $6.9 million with his investment in BONK and spent 386 SOL to buy another 3.29 billion tokens. Over the past nine months, the wallet has raised 6998 SOLh and received BONK 371.4 billion, while it sold half of its assets for 50,139 SOL during the price fluctuation.

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