Solana

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 <p>According to crypto <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> firm LookonChain, a trader has made over $5.7 million with just 30 <a rel="noopener noreferrer nofollow" title="Solana" href="https://thebittimes.com/tag/solana.html">Solana</a> (SOL) tokens worth around $2,220. The return on investment (RoI) for this trade is a whopping 2570x.</p>
 <p>According to LookonChain, the trader spotted a <a rel="noopener noreferrer nofollow" title="Solana" href="https://thebittimes.com/tag/solana.html">Solana</a>-based coin called $ANALOS one minute after it was open for trading. The trader spent 30 SOL and purchased 16 billion $ANALOS tokens. After prices spiked, the trader sold 14.5 billion $ANALOS tokens for 3.5 million USDC via multiple addresses over six days. The trader still has 1.56 billion tokens in four different wallets worth around $2.34 million.</p>
 <p><strong>Also Read: <a rel="noopener noreferrer nofollow" title="Solana" href="https://thebittimes.com/tag/solana.html">Solana</a> New Year Price Prediction: How High Can SOL Go?</strong></p>
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    <p lang="en" dir="ltr">In just 6 days, this trader made more than $5.7M with only 30 $SOL($2,220)!😱<br><br>A gain of over 2570x!<br><br>He spotted $ANALOS 1 minute after it opened trading and spent 30 $SOL($2,220) to buy 16B $ANALOS.<br>Then he sold 14.5B $ANALOS for 3.45M $USDC via multiple addresses over the past… pic.twitter.com/jD17YOD5hJ</p>— Lookonchain (@lookonchain) December 26, 2023
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 <h3 class="wp-block-heading" id="h-what-is-the-solana-based-analos-token">What is the Solana-based $ANALOS token?</h3>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="565" src="https://cdn.thebittimes.com/images/2023/12/28/db20bbd82df03b4ff465db295f2a7c60.webp" alt="Solana" class="wp-image-122541" srcset="https://cdn.thebittimes.com/images/2023/12/28/db20bbd82df03b4ff465db295f2a7c60.webp 1024w, https://cdn.thebittimes.com/images/2023/12/28/db20bbd82df03b4ff465db295f2a7c60.webp 300w, https://cdn.thebittimes.com/images/2023/12/28/db20bbd82df03b4ff465db295f2a7c60.webp 768w, https://cdn.thebittimes.com/images/2023/12/28/db20bbd82df03b4ff465db295f2a7c60.webp 380w, https://cdn.thebittimes.com/images/2023/12/28/db20bbd82df03b4ff465db295f2a7c60.webp 550w, https://cdn.thebittimes.com/images/2023/12/28/db20bbd82df03b4ff465db295f2a7c60.webp 800w, https://cdn.thebittimes.com/images/2023/12/28/db20bbd82df03b4ff465db295f2a7c60.webp 1043w" sizes="(max-width: 1024px) 100vw, 1024px">
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   Source – CoinGape
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 <p>ANALOS is another crypto project in the Solana (SOL) ecosystem. Moreover, this is not the first SOL-based token to skyrocket in price. Earlier this year, another SOL-based memecoin, BONK, gained significant traction. BONK recently hit an all-time high, but its price has dipped since. BONK is currently down 14.9% in the last 24 hours. Earlier this month, one trader turned $226,000 into $1.69 million in five days with another SOL-based token called Dogwifhat (WIF).</p>
 <p><strong>Also Read: Trader Turns $226K into $1.69M in 5 Days with This <a rel="noopener noreferrer nofollow" title="Solana" href="https://thebittimes.com/tag/solana.html">Solana</a> Meme Coin – Here is How</strong></p>
 <p>The Solana (SOL) ecosystem seems to be in a euphoric state. SOL has also rallied by nearly 1000% since January of this year. However, the token has dropped by about 8% in the last 24 hours. The general crypto market seems to be witnessing a correction at the moment. Bitcoin (BTC), the original cryptocurrency, has fallen by around 2%, while Ethereum (ETH) has dipped by 1.6%. The reason behind the dip is unclear. It is possible that traders are taking a break from the market in light of the holiday season, or perhaps there is some uncertainty with interest rates. Nonetheless, the price drop has created a new opportunity for traders and holders to buy more assets.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/solana-trader-uses-30-sol-worth-2k-to-make-over-5-7-million-tbt74940.html">https://thebittimes.com/solana-trader-uses-30-sol-worth-2k-to-make-over-5-7-million-tbt74940.html</a></p>

Solana: Trader Uses 30 SOL Worth $2k to Make Over $5.7 Million

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