Solana

Solana’s bull run in recent times has turned some investors into millionaires. LookOnChain data shows that one trader made a profit of 704x by engaging in strategic trades on Solana. Moreover, Solana continues to seek out alternative uses for its network ensuring that blockchain still has a future and this in turn boosts faith all over in the bigger picture. In terms of market capitalization, Solana recently overtook <a href="https://news.todayq.com/shiba-inus-billion-dollar-day-shib-beats-bnb-solana-and-xrp/" target="_blank" rel="noopener noreferrer nofollow">BNB</a> to become the world’s fourth-largest crypto. Solana making millionaires 
SOL has also begun making millionaires with its unbelievable price hike. As per LookOnChain data, one lucky investor seems to have made a profit 704x from strategic trading in Solana through its marketing mechanisms.
Among X’s community, there is an interesting new investor story which has been shared by LookOnChain.
In this regard, the platform told an anecdote about a trader who made $260K by trading a small number of SOL tokens.
The platform then goes on to explain how a trader first sold his 2 SOL tokens in exchange for SHAD- the meme coin or token popularly referred to as such. It seems that by exchanging his two SOLs for almost 90 million SHADs, he managed to trade around 80.3 million SHADs to buy 1410 SOL afterward. “He still has 4.7M SHAD left, worth $12K,” the post added.
With only 2
The crypto community on X was astonished by the remarkable trading strategy of this trader who made a colossal profit of 704x.&nbsp;
Traders have witnessed such lucrative trades before during a bullish market run. PEPE and <a href="https://news.todayq.com/shib-pepe-bonk-saw-trading-vol-jump-by-3000-can-they-keep-on-gaining/" target="_blank" rel="noopener noreferrer nofollow">BONK</a> are some of the popular meme coins that another trader had used to make millions.&nbsp; Market analysis 
Currently, significant changes are being made to the Solana network. The blockchain is in constant move towards diversifying its use case. Thus, with SOL reaching an ATH, traders and market activities seem to indicate a positive push for crypto overall.
As of press time, SOL is trading at $182, plummeting 11% in the last 24 hours but on the broader outlook its portfolio surged 20% in the past week and over 60% in the last month, as data suggest.
Moreover, CoinCodex predicts that the Solana price has long-term potential with prospects of hitting $250. This platform forecasted SOL at $279 by March 26th,”…These Solana project will change hands for $279.23 on March 26th, 2024 resulting in an increase in value of 49.27%.”

Solana investor makes 704x profit amid crypto down turn

Todayq News

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