Trader earns $23M flipping Solana memecoins

Bonk buys and sells from the crypto wallet called paulo sol

The trader received a $6.28 million payday trading BONK, $9.51 million trading WIF and $7.04 million with BODEN.

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 got into BONK as early as Nov. 11, 2023. The user noticed that the memecoin 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.

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Image source: Dexscreener (via Lookonchain)

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