According to Arkham Intelligence, an obscure cryptocurrency investor who remained anonymous managed to become a millionaire in dollars (USD) thanks to successful deals with meme tokens based on Solana (SOL). This anonymous trader was able to increase their capital by 225 times, turning $6,000 into $1.35 million in just two months.
Researchers claim that this trader was able to maximize profits from the rise in SOL prices and the popularity of meme tokens. The wallet owner with the name onchainclown.sol actively traded dozens of meme cryptocurrencies, working on this blockchain network.
While many market participants were awaiting approval for spot Bitcoin ETFs, this trader actively explored tokens with low market capitalization. For example, they acquired a little-known token called Joel, based on the meme of a spinning fish, and increased their capital sevenfold within a month by buying and selling this virtual asset.
Onchainclown achieved the best results in trading the dogwifhat (WIF) token. Their initial investment in this meme token was 102 SOL (approximately $6,000), and their final profit exceeded $1.35 million. The tokens were acquired shortly after the deployment of the corresponding smart contract on the network, and the successful investor received 2.6% of the total supply of this asset into their wallet.
Solana is a blockchain platform created for the development and deployment of decentralized applications (DApps) and smart contracts. It stands out for its high scalability, low fees, and fast transaction confirmation times, making it attractive to developers and users.
