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<p>The post <a href="https://coinpedia.org/press-release/solana-price-rally-creates-millionaires-with-sol-up-100-in-december/" rel="noopener noreferrer nofollow">Solana Price Rally Creates Millionaires with SOL Up 100% in December</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>Solana’s (SOL) end-of-year surge continues as SOL, priced at less than $20 3 months ago, tops out at $123.66 on Christmas Day—a 550% gain.</p>
<p>In that time several investors have turned small holdings, of less than $1000—and, in one case, less than $100—into millions, achieving gains of over 10,000x in mere days.</p>
<h2 class="wp-block-heading" id="h-millionaires-made-as-sol-and-its-meme-coins-defy-predictions-and-gravity-in-late-2023">Millionaires Made as SOL, and its Meme Coins, Defy Predictions (and Gravity) in Late 2023</h2>
<p>Solana was pronounced dead by multiple analysts and commentators after the <a href="https://www.cnbc.com/video/2023/10/02/the-collapse-of-ftx-insiders-tell-all.html" target="_blank" rel="noopener noreferrer nofollow">collapse of FTX</a> and Alameda Research in late 2022, due to the close ties that SOL had to Bankman-Fried.</p>
<p>However, SOL started the year at $9.961 and has, at the time of writing, risen to $112.23—gains of over 1,000%. Most of this has come since September, when SOL was valued at just under $20.</p>
<p>The rise in the Solana price has been driven by multiple factors, but the ones that are given the most credit are the <a href="https://blockworks.co/news/jito-airdrop-value" target="_blank" rel="noopener noreferrer nofollow">JITO airdrop in December</a> and the meme coin mania that has recently struck the chain. This started with BONK, whose incredible rise saw <a href="https://www.coindesk.com/markets/2023/12/14/meme-coin-bonk-spikes-40-on-coinbase-listing/" target="_blank" rel="noopener noreferrer nofollow">BONK listed on Coinbase in mid-December</a>.</p>
<p>It is meme coins, specifically SILLY, ANALOS, and MELON, that have turned some traders into millionaires in the space of just a few weeks—according to analysis done by Lookonchain.</p>
<p>One trader started with $92 worth of SOL, <a href="https://twitter.com/lookonchain/status/1737756969308729688" target="_blank" rel="noopener noreferrer nofollow">according to Lookinchain</a>, and, in 16 days, turned that into $1.55 million.</p>
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   <p lang="en" dir="ltr">Starting with only 1.5 <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SOL</a>($92), this trader made $1.55M in 16 days!<br><br>1/ Let's see how he did it.<img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f447.png" alt="👇" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/TuFpbIdnER" rel="noopener noreferrer nofollow">pic.twitter.com/TuFpbIdnER</a></p>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1737756969308729688?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">December 21, 2023</a>
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<p>They used 0.7 SOL to buy 20.5 million of the meme coin SILLY, and then traded 1/4 of their SILLY holdings for $202,575 USDC, continuing to hold ~15m SILLY—worth over $2 million at the time of writing.</p>
<p>While not a millionaire, yet, it took a <a href="https://twitter.com/lookonchain/status/1737901986664841403?t=YrmbCiZrM-6bquA12y9yow&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">second trader</a> less than a day to see over 1000x, turning $242 into $250,000. using 3 SOL to buy MELON before watching its price skyrocket and selling part of their holdings for 1,562 SOL.</p>
<p>A third <a href="https://twitter.com/lookonchain/status/1739183009956548839" target="_blank" rel="noopener noreferrer nofollow">trader realized astronomical gains as they turned $900 in $3.47 million</a>, trading the ANALOS meme coin—with $1.43 million in USDC and 1.12 billion ANAMLOS tokens currently held in their account.</p>
<p>Finally, a fourth <a href="https://twitter.com/lookonchain/status/1739569538583478590" target="_blank" rel="noopener noreferrer nofollow">trader transformed $2,200 into $5.7 million</a>, by scooping up 16 billion ANALOS for 30 SOL ($2,200) just 1 minute after ANALOS hit the market, before selling the majority of them for 3.45 million USDC.</p>
<p>December has been a fine month for crypto traders and investors, with many coins seeing green as 2023 comes to a close.</p>
<h2 class="wp-block-heading" id="h-could-meme-kombat-be-the-next-coin-to-explode">Could Meme Kombat be the Next Coin to Explode?</h2>
<p>The huge gains mentioned above are what a majority of traders can only dream of, and many spend their time searching for in the crypto markets. <a href="https://coinpedia.care/b_memkombat_42560?referrer=solana-price-rally-creates-millionaires-up-100-in-december" target="_blank" rel="noopener noreferrer nofollow">Meme Kombat</a>, a token that is currently at the presale stage, is <a href="https://www.youtube.com/watch?v=gJKyEvc_qV4&amp;t=354s&amp;pp=ygULbWVtZSBrb21iYXQ%3D" target="_blank" rel="noopener noreferrer nofollow">predicted by some analysts</a> to do just that—having raised $4.6 million out of a target of $5 million already.</p>
<p>Meme Kombat is raising funds through the sale of their $MK token to build a gaming platform that pits the most popular memes, including Pepe, Sponge, and Shiba, against each other in battles featuring enthralling, AI-powered fight sequences.</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/DcjH3KQmrdWcl9jp1xIXtQ48LARXOUaNJqVVMqgpPCh24DzoBQHcGcnqUsFtgjMWpLLpmEZWYV7cXuJrOytS23kDhlXC6vtMSaSfAvIXQrIP7PzhYIXLMuZRP1V-2f1maRWPu6GXEwBpXTW8X-CPzBE" alt="meme kombat">
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<p>Users can do more than just watch these battles, with holders of the <a href="https://coinpedia.org/press-release/bitcoin-mk-token-receives-bullish-forecast/" target="_blank" rel="noopener noreferrer nofollow">$MK token</a> able to wager their tokens on these battles in Player vs Game and Player vs Player bets, allowing for exciting wagers between friends.</p>
<p>Presale token prices increase in stages, so getting in earlier could mean larger gains should Meme Kombat’s $MK token go parabolic in the same way as many of Solana’s meme coins have recently. Presale participants can also stake their tokens immediately, and receive a high APY,&nbsp; currently standing at 194%.</p>

Solana Price Rally Creates Millionaires with SOL Up 100% in December

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