- A crypto trader made over $77K from trading meme coins on Solana.
- The trader acquired 27 meme tokens, 21 of which he sold for profit, with a 78% win rate.
- Interests in meme coins have relaxed since the start of 2024, with leading tokens trending in the bearish zone.
A crypto trader has netted over $77K in profit trading meme coins on layer-1 blockchain Solana in the past 11 days, cryptocurrency data tracker LookOnChain reported. The profit gains come amidst a tremendous rise in cryptocurrency investors’ interest in meme coins that started late last year.
In the post shared on the social media platform X (formerly Twitter), LookOnChain noted the crypto investor traded 27 Solana meme tokens in the past 11 days. Out of the 27, the trader realized gains on 21 of the tokens. According to that report, the trader netted around $77.7K from the trades with a win rate of 78%.
Meanwhile, interest in meme coins appears to have relaxed since the start of the new year. As noted in an earlier report, meme tokens like Solana-based BONK, which saw a tremendous rise, are now trending in the negative zone.
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