This Is How I Earned 2 Million Dollars By Investing $62 In A Solana (SOL) Memecoin

✍️ 29 December, 2023 - 14:36 👤 Editor: Jakub Motyka

• A trader has managed to transform $62 into $2 million by investing in a Solana (SOL) memecoin.
• According to on-chain data, the trader has already withdrawn around $528,000, while still keeping around $1.5 million worth of tokens in his wallet.
• The latest news about cryptos on our Telegram channel.

The Christmas Lottery has already passed, but there are still people who continue to receive good news in the form of returns after making short-term investments in cryptocurrencies. Although it seems like a peculiar fairy tale, a trader has managed to turn an investment of only $62 into a return of 2 million dollars.

This notable success came from investing in a memecoin on the Solana (SOL) blockchain, underscoring the potential that the token in question offers for projects built on top of it in the future. cryptocurrency market.

A Stroke Of Luck: From 62 Dollars To 2 Million Dollars In Just 22 Days

The trader in question started by purchasing 1.5 Solana (SOL) in his crypto wallet. Five minutes after a new SOL-based memecoin began trading, he exchanged 1 Solana (SOL) from his wallet, valued at approximately $62 at the time, for 43 million Silly Dragon memecoin (SILLY) tokens.

Starting with only 1.5 $SOL($92), this trader made $2M in 22 days, a gain of 21,715x!😱

This trader spotted $SILLY 5 minutes after it opened trading and spent 1 $SOL($62) to buy 43.1M $SILLY.

Then he sold 33.34M $SILLY for $528K, and currently has 9.76M $SILLY($1.5M) left,… pic.twitter.com/ByY1Tpupah

— Lookonchain (@lookonchain) December 27, 2023

Approximately 22 days later his SILLY tokens were already worth around 2 million dollars, as the price of Silly (SILLY)has soared by 119% over the last month, reaching a market capitalization of more than $144 million.

According to the chain's data, the trader has already withdrawn around $528,000, so he still has about $1.5 million in tokens.

Despite this story, several members of the community have expressed their doubts on social networks, suspecting that it could be an "internal deal." Some do not believe that someone could carry out the operation without inside information, while others are convinced that he is one of the developers of the crypto. We may never know if it was a Christmas miracle or not.

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