Key Takeaways
“paulo.sol” amassed over $23 million by buying and selling meme-themed tokens on the Solana blockchain, together with BONK, WIF, and BODEN;
Lookonchain disclosed his success on April 26 on X;
Neighborhood members praised the dealer, emphasizing his excessive threat tolerance.
A crypto dealer, known as paulo.sol, has capitalized on the volatility of meme-themed tokens on the Solana community, securing over $23 million in income.
His success was dropped at mild by blockchain analytics agency Lookonchain on April 26.
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The journey to multi-million greenback earnings started with the memecoin BONK, during which the dealer began investing as early as November 11, 2023, when he detected its surge. Strategically shopping for at lows and promoting at highs, he raked in roughly $6.28 million.
Increasing his portfolio, paulo.sol ventured into different rising tokens like Dogwifhat (WIF) and Jeo Boden (BODEN). He began closely shopping for these after they first rose sharply, leading to income of $9.51 million from WIF and $7.04 from BODEN.
The dealer nonetheless holds 1.87 million WIF and 12.87 million BODEN, value $5.7 million and $7.6 million, respectively.
Along with the established meme tokens, paulo.sol has not too long ago purchased newer memecoins like PUPS and POPCAT. He has change into the biggest holder of PUPS on Solana, investing practically $7.7 million.
The crypto neighborhood has expressed fascination with the dealer’s technique, with one member commenting on X:
Do not name him fortunate, he has extra conviction than others.
One other X person stated that the dealer had “diamond palms,” which is an expression used to explain traders who do not panic and unload their holdings beneath market strain.
These trades underscore the unpredictable but doubtlessly worthwhile nature of memecoin investments.
In associated information, crypto change OKX has additionally not too long ago tapped into the memecoin frenzy by itemizing WIF and one other Solana-based memecoin, Cat in a Canine’s World (MEW).
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