Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»ALTCOIN NEWS»Memecoin Trader Earns Over $1,600,000 in Profits in 14 Hours After Early Accumulation of Solana Altcoin: Lookonchain
ALTCOIN NEWS

Memecoin Trader Earns Over $1,600,000 in Profits in 14 Hours After Early Accumulation of Solana Altcoin: Lookonchain

By Crypto FlexsJanuary 29, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Memecoin Trader Earns Over ,600,000 in Profits in 14 Hours After Early Accumulation of Solana Altcoin: Lookonchain
Share
Facebook Twitter LinkedIn Pinterest Email

According to on-chain data, one trader earned over $1.6 million in profits after participating early in one of the latest memecoin trends on the Solana (SOL) blockchain.

As first reported by blockchain tracking firm Lookonchain, a trader made huge profits by taking a long position in Wen (WEN), a memecoin built on Solana.

Lookonchain says the trader made $682,000 in USDC and has an additional $941,000 in unrealized profits still sitting in his wallet.

“In just 14 hours, this trader made over $1.6 million trading MEME Coin WEN!

He spent 125,500 USDC to buy 20 billion WEN when WEN opened for trading, and sold 12.5 billion WEN for 807,000 USDC, realizing a profit of 682,000.

It currently holds 7.6 billion WEN ($941,000), with unrealized profits of $941,000.”

source: LookOnChain/X

As of this writing, WEN is trading at $0.000142 with a market capitalization of $142.34 million.

Following Solana’s massive 2023 rally, memecoins have been in the spotlight as several coins within the Ethereum (ETH) competitor ecosystem have exploded over the past few months, including Dogecoin (DOGE) competitor BONK.

Look on chain reported Earlier this month, profitable BONK traders bought over 3 billion BONK after the drop.

“After making ~$6.9M in BONK, this smart trader spent 386 SOL ($40,000) to buy back 3.29B BONK (January 9th)!

He accumulated 371.4 billion BONK in 9 months at a cost of only 6,998 SOL ($276,000) and sold half of his BONK during the BONK surge for 50,139 SOL ($5.2 million).”

video
Source: Lookonchain/X

As of this writing, BONK is trading at $0.000012 with a market capitalization of $712.818 million.

Don’t miss a beat – subscribe to get email alerts delivered straight to your inbox

Check Price Action

follow us TwitterFacebook, Telegram

Daily Hodl Mix Surfing

Check out the latest news headlines

&nbsp

Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and transactions are entirely at your own risk and that you are responsible for any losses that may occur. The Daily Hodl does not recommend the purchase or sale of any cryptocurrency or digital asset, and The Daily Hodl is not investment advice. The Daily Hodl engages in affiliate marketing.

Featured image: Shutterstock/cgterminal/LongQuattro

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Did the Altcoin season end in 2025? Experts think that it was delayed that it was not dead.

June 4, 2025

Is Ether Lee leading capital rotation to Bitcoin Dominance Falls -Altcoin Rally?

June 4, 2025

Binance cracks down on bot agriculture in Binance Alpha.

June 4, 2025
Add A Comment

Comments are closed.

Recent Posts

Price prediction of BTC, ETH, XRP, BNB, SOL, DOGE, ADA, Sui, Hype, Link

June 4, 2025

Did the Altcoin season end in 2025? Experts think that it was delayed that it was not dead.

June 4, 2025

Checkpoint #3: June 2025 Stats Ether Leeum Foundation Blog

June 4, 2025

Floating Point 8: Low precision AI training innovation

June 4, 2025

Is Ether Lee leading capital rotation to Bitcoin Dominance Falls -Altcoin Rally?

June 4, 2025

Bitcoin (BTC) is faced with market volatility in economic changes.

June 4, 2025

Huma joins the Global Dollar Network and develops Stablecoin adoption in solana.

June 4, 2025

Vechain is a crawling for the Renaissance upgrade among the veterinarian price pressure.

June 4, 2025

Director Trezor: What is the best hardware wallet in 2025?

June 4, 2025

Binance cracks down on bot agriculture in Binance Alpha.

June 4, 2025

BITMEX is a system downtime plan for maintenance on June 14, 2025

June 4, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Price prediction of BTC, ETH, XRP, BNB, SOL, DOGE, ADA, Sui, Hype, Link

June 4, 2025

Did the Altcoin season end in 2025? Experts think that it was delayed that it was not dead.

June 4, 2025

Checkpoint #3: June 2025 Stats Ether Leeum Foundation Blog

June 4, 2025
Most Popular

Hong Kong financial authorities warn of fraudulent DBS Bank website

January 17, 2025

A New York judge granted summary judgment to the SEC on claims that Terraform sold unregistered securities.

December 29, 2023

Is it time to wait a long time for Solana? Analysts expect a key support level at $175.

December 23, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.