Fri. Apr 19th, 2024

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

Trader Silly Dragon (SILLY)

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

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.

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.

Precio de Silly Dragon (SILLY) durante el último mes en diciembre 2023
Chart with the price of Silly Dragon (SILLY) during the last month of December 2023.

According to the chain’s data, the trader has already withdrawn around $528,000, so he still has about $1.5 million in tokens.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

By Jakub Motyka

Jakub Motyka es un editor y experto en criptomonedas con un perfil profesional en el campo de las finanzas digitales y la tecnología blockchain. Su carrera cripto incluye una amplia experiencia escribiendo y editando contenidos relacionados con el mundo de las criptomonedas, abarcando una amplia gama de temas desde análisis técnico y de mercado hasta desarrollos tecnológicos y tendencias emergentes en la industria.

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