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<p>The post <a href="https://coinpedia.org/news/solanas-meme-coin-frenzy-traders-make-100x-profit/">Solana Memecoin Triggers Frenzy as Traders Make 100x Profits; Altseason Soon?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>Mid last month, Franklin Templeton, one of the successful issuers of spot Bitcoin exchange-traded funds (ETF), posted that it was impressed by the <a href="https://coinpedia.org/price-prediction/solana-sol-price-prediction/">Solana (SOL)</a> on-chain performance ranging from its NFTs innovation, DeFi, and meme coins. With Solana’s price closing last year with more than 1,100 percent in gains, speculation on SOL-based meme coins has risen significantly. </p> 
<p>At the forefront of this meme coin excitement is <a href="https://coinpedia.org/price-prediction/bonk-price-prediction/">Bonk (BONK)</a>, reigning on the Solana network. Bonk has surged an incredible 100X in just a few months, boasting a market cap of $632 million and a daily trading volume averaging around $56 million. This surge closely follows the launch of the Jupiter ($JUP) ecosystem and its much-anticipated airdrop. </p> 
<p>What can you expect next? </p> 
<h2 class="wp-block-heading" id="h-the-smell-of-altseason-is-in-the-air">The Smell of Altseason is in the Air! </h2> 
<p>Solana’s meme revolution goes beyond humor; it’s a financial phenomenon. <a href="https://coinpedia.org/price-analysis/solanas-meme-coin-wen-skyrockets-trader-nets-1-6-million-gain-in-14-hours/">Wen ($WEN)</a> exemplifies this with a volume-to-market cap ratio surpassing 190 percent, indicating insatiable demand. The excitement around meme coins is reaching new heights, fueled by the looming anticipation of altseason.</p> 
<p>Read More: <a href="https://coinpedia.org/price-analysis/altcoins-to-look-out-in-february-2024-storj-rndr-icp-fet-price-to-rise-high/">Altcoins to Look Out in February 2024: STORJ, RNDR, ICP, &amp; FET Price to Rise High</a></p> 
<p>An impressive story highlights an investor turning $287 into a staggering $184,000 – a remarkable growth of 64,000 percent in a surprisingly short span. Reports suggest this savvy trader may have gained early insights as an early meme coin buyer, possibly privy to insider information from developers.</p> 
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   <p lang="en" dir="ltr">2/➮ Whale's biggest profit came from Sol meme coin <a href="https://twitter.com/search?q=%24WIF&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$WIF</a>.<br><br>☩ Using insider information, this smart wallet managed to buy among the first.<br><br>☩ Initially invested only $287, the return on investment reached an impressive 64,891%!<br><br>☩ Profit and Loss: +$184,969.32 <a href="https://t.co/Q9SMClES8K">pic.twitter.com/Q9SMClES8K</a></p>— Reflection
   <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1faa9.png" alt="🪩" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@0xReflection) <a href="https://twitter.com/0xReflection/status/1752852866136715738?ref_src=twsrc%5Etfw">February 1, 2024</a>
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<h2 class="wp-block-heading" id="h-a-closer-look-at-ponke">A Closer Look at PONKE</h2> 
<p>Another strong contender in Solana’s meme coin saga is PONKE. With a market cap around $19 million and a trading volume of approximately $7.2 million, PONKE is making waves.</p> 
<p>This Might Interest You: <a href="https://coinpedia.org/price-analysis/altcoins-to-stack-for-50x-gains-this-season/">Altcoins to Stack for 50x Gains This Season&nbsp;</a></p>

Solana Memecoin Triggers Frenzy as Traders Make 100x Profits; Altseason Soon?

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