Solana

PUMP

Million

The PEPE

<a href="https://bitcoinist.com/top-ai-meme-coins/">Meme coin trading</a> has been heating up across a number of networks and a lot of crypto traders have become richer for it. Mainly, Solana <a href="https://bitcoinist.com/shiba-inu-investing-meme-coins/">meme coins continue to dominate</a>, but other networks such as the BSC network is beginning to see an uptick in interest. One crypto trader in particular made $1.6 million in one hour trading a meme coin on the BSC network. Here’s how they did it. 
<h2 id="crypto-trader-makes-1-6-million-with-bsc-based-meme-coin">Crypto Trader Makes $1.6 Million With BSC-Based Meme Coin</h2> 
Large meme coin launches have been happening over the last month, with multiple memes running to tens of millions of dollars in a matter of days. This was no different in the case of the Big Pump (PUMP) token which launched on the BSC blockchain on March 25. 
Taking advantage of the hype surrounding the token launch, a <a href="https://bitcoinist.com/bnb-whales-dump-millions-of-busd/">BNB whale</a> used 6,000 BNB to buy into PUMP. At the time of the buy, the 6,000 BNB was worth $3.48 million, and the crypto trader received 375.4 billion PUMP tokens in return. 
As the price of the PUMP coin grew over the next hour, so did the whale’s holdings, eventually crossing $5 million. According to data from Lookonchain, the crypto trader proceeded to sell 360.4 billion PUMP tokens across a number of transactions for a total of $5.08 million. Taking out their initial capital, the trader realized a $1.6 million profit from this single sale. 
<blockquote class="twitter-tweet"> 
 After <a href="https://twitter.com/search?q=%24PUMP&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">$PUMP</a> opened trading, a whale made 2,759 <a href="https://twitter.com/search?q=%24BNB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">$BNB</a>($1.6M) on <a href="https://twitter.com/search?q=%24PUMP&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">$PUMP</a> in less than 1 hour! 
 He spent a gas fee of 0.24 <a href="https://twitter.com/search?q=%24BNB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">$BNB</a>($138) and successfully bought 375.4B <a href="https://twitter.com/search?q=%24PUMP&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">$PUMP</a> with a cost of 6K <a href="https://twitter.com/search?q=%24BNB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">$BNB</a>($3.48M). 
 Then sold 360.4B <a href="https://twitter.com/search?q=%24PUMP&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">$PUMP</a> for 8,759 <a href="https://twitter.com/search?q=%24BNB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">$BNB</a>($5.08M), realizing a profit of 2,759… <a href="https://t.co/8Ah6vGoqWx" rel="nofollow" target="_blank">pic.twitter.com/8Ah6vGoqWx</a> 
 — Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1772232360794509734?ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">March 25, 2024</a>
</blockquote> 
The crypto trader had initially left a balance of 15 billion PUMP tokens, as Lookonchain data shows. However, they proceeded to offload another 5 billion tokens, leaving their current balance at the time of this writing at 10 billion. This <a href="https://bscscan.com/token/0x22b4fa9a13a0d303ad258ee6d62a6ac60364b0c9?a=0x3dca07e16b2becd3eb76a9f9ce240b525451f887" rel="nofollow noopener" target="_blank">balance</a> is worth $122,624 at PUMP’s current trading price of $0.00001224. 
<h2 class="p1" id="meme-coins-lead-market-gains">Meme Coins Lead Market Gains</h2> 
<a href="https://bitcoinist.com/shiba-inu-investing-meme-coins/">Meme coins have been the leaders of this bull cycle</a> so far with impressive run from a number of crypto coins that fall in this category. The PEPE coin had revived the <a href="https://bitcoinist.com/top-ai-meme-coins/">meme coin movement</a>, and then it was propelled further by the likes of <a href="https://bitcoinist.com/solana-meme-coins-myro-wif/">Solana-based BONK and WIF</a> which have all crossed the billion-dollar mark in the space of a year. 
As the market heads further into the bull cycle, there have been other meme coins that have turned heads during this time. One of these meme coins is Book of Meme (BOME), a <a href="https://bitcoinist.com/solana-based-wif-meme-coins/">meme coin</a> which got a Binance listing and crossed the $1 billion market cap mark all within a day. 
Others have followed this trajectory as the likes of SLERF also ran to over $200 million in one day. The BSC-based PUMP token also crossed a $50 million market cap on its first day, signaling a growing interest in meme coins no matter the blockchain. 
<img loading="lazy" decoding="async" class="aligncenter size-medium" src="https://www.tradingview.com/x/dcjYkyX5/" alt="BNB price chart from Tradingview.com (Crypto trader meme coins)" width="3286" height="1530">

Here’s How A Crypto Trader Made $1.6 Million In One Hour Trading Meme Coins

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