Solana

Dragon

Silly Dragon

Coin

<p>The post <a href="https://coinpedia.org/news/solana-based-meme-coin-soars-as-crypto-trader-turns-2k-investment-into-5-7million/">Here’s How a Solana Trader Turned $2,220 into $5.7 Million in 6 Days</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>The wild world of meme coins on the <a href="https://coinpedia.org/price-prediction/solana-sol-price-prediction/">Solana</a> blockchain has once again captured headlines. Imagine turning a modest investment of $2,220 into a jaw-dropping $5.7 million in just six days! That’s precisely what a savvy trader managed, as reported by Lookonchain.</p> 
<p>This is a story you don’t want to miss out on. Read on!</p> 
<h2 class="wp-block-heading" id="h-analos-s-swift-surge"><strong>ANALOS’s Swift Surge</strong></h2> 
<p>A recent report from Lookonchain spotlighted a trader’s brilliant strategy. With an initial investment of $2,000, the trader made a strategic move, acquiring 16.1 billion ANALOS on Raydium using 30 SOL tokens, valued at $2,220. </p> 
<p>Notably, this transaction occurred just moments after ANALOS entered the market, prompting questions about possible insider insights.</p> 
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   <p lang="en" dir="ltr">In just 6 days, this trader made more than $5.7M with only 30 <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$SOL</a>($2,220)!<img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f631.png" alt="😱" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>A gain of over 2570x!<br><br>He spotted <a href="https://twitter.com/search?q=%24ANALOS&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ANALOS</a> 1 minute after it opened trading and spent 30 <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$SOL</a>($2,220) to buy 16B <a href="https://twitter.com/search?q=%24ANALOS&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ANALOS</a>.<br>Then he sold 14.5B <a href="https://twitter.com/search?q=%24ANALOS&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ANALOS</a> for 3.45M <a href="https://twitter.com/search?q=%24USDC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$USDC</a> via multiple addresses over the past… <a href="https://t.co/jD17YOD5hJ">pic.twitter.com/jD17YOD5hJ</a></p>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1739569538583478590?ref_src=twsrc%5Etfw">December 26, 2023</a>
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<p>Between 03:22 and 03:45 (UTC) on December 20, the trader executed <a href="https://solscan.io/tx/59EjpwihpJmi4cULYiLLqegkabXhawRhDu2r34fR5wXTVAq3RjDxcx1CGYwNbenftCnb88DRUwPDiraiC8B263Qm">30 transactions</a>, moving 516 million ANALOS. Ultimately, 15.5 billion ANALOS was transferred, retaining 680.3 million tokens in the primary wallet. This activity coincided with a surge in ANALOS’s value, amplifying the trader’s returns.</p> 
<p><strong>Smart Strategy</strong></p> 
<p>Following these pivotal moves, the trader strategically converted ANALOS to USDC. In the subsequent six days, 14.5 billion ANALOS were exchanged across multiple addresses, resulting in a notable $3.45 million in <a href="https://coinpedia.org/glossary/usd-coin/">USDC</a>. Despite these conversions, the trader retains over a billion ANALOS across four addresses.</p> 
<p>Also Read: <a href="https://coinpedia.org/news/max-keiser-sounds-warning-bells-for-solana-sol-suggesting-a-rug-pull/">Solana in Trouble? Max Keiser Hints at “Rug Pull” in Cryptic Tweet</a></p> 
<h2 class="wp-block-heading" id="h-silly-dragon-s-claim-to-fame">Silly Dragon’s Claim to Fame </h2> 
<p>This trader’s achievement is part of Solana’s broader meme coin narrative. <a href="https://coinmarketcap.com/currencies/silly-dragon/">Silly Dragon (SILLY)</a>, introduced by Solana’s co-founder Anatoly Yakovenko in Halloween 2023, has gained momentum. Currently valued at $0.1328, SILLY has surged by 22.29% in 24 hours and an impressive 119.64% over the week.</p> 
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   <p lang="en" dir="ltr">Solana MEMECoin Silly Dragon price reached a new high today, with a market capitalization of $140 million. Currently, the top ten currency holding addresses (excluding CEX addresses) own 18.5% of the total amount of SILLY, with an average floating profit of 30x. SILLY is…</p>— Wu Blockchain (@WuBlockchain) <a href="https://twitter.com/WuBlockchain/status/1739999877915123860?ref_src=twsrc%5Etfw">December 27, 2023</a>
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<p>With 1 billion tokens in play and a user-centric transaction approach devoid of taxes, Silly Dragon continues to attract investors’ attention amidst Solana’s meme coin fervor.</p> 
<p>Read More: <a href="https://coinpedia.org/top-10/top-10-meme-coins-to-invest-in-2024/">Top 10 Meme Coins To Invest In 2024</a></p>

Here’s How a Solana Trader Turned $2,220 into $5.7 Million in 6 Days

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