2024

Solana

April

Coin

<ul class="news-points"> 
 <li>Topcaller.sol gains from meme coins with a 0.13% win rate.</li> 
 <li>SOL sees price surge despite month-long bearish trend.</li> 
 <li>Technical indicators indicate strong bullish momentum for SOL.</li> 
</ul> 
In a demonstration of risk and reward, an investor known as topcaller.sol has made major gains by trading meme cryptocurrencies, colloquially known as “meme coins.” Since April 9, topcaller.sol has invested in 5,417 meme coins, each purchase averaging 0.215 <a href="https://coinedition.com/tag/solana-sol/">Solana (SOL)</a>. 
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 Is it profitable to trade <a href="https://twitter.com/hashtag/MEMEcoins?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#MEMEcoins</a> like buying lottery tickets? topcaller.sol has bought 5,417 <a href="https://twitter.com/hashtag/MEMEcoins?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#MEMEcoins</a> since April 9, investing an average of 0.215 <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$SOL</a> each. 7 of the <a href="https://twitter.com/hashtag/MEMEcoins?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#MEMEcoins</a> had an ROI of over 1000%, with a total profit of 290 <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$SOL</a>. The win rate for his <a href="https://twitter.com/hashtag/MEMEcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#MEMEcoin</a>… <a href="https://t.co/gBuCZnTvYv" target="_blank" rel="nofollow">pic.twitter.com/gBuCZnTvYv</a>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1787416914203123863?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">May 6, 2024</a>
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This approach yielded substantial returns, with seven of these investments achieving a return on investment (ROI) exceeding 1000%, culminating in a total profit of 290 SOL. According to Lookonchain, the success of topcaller.sol’s trading strategy draws comparisons to purchasing lottery tickets, given the low win rate but high potential returns. The data further reveals that only 0.13% …
The post <a href="https://coinedition.com/crypto-analyst-nets-290-sol-as-solana-prices-climb/">Crypto Analyst Nets 290 SOL as Solana Prices Climb</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Crypto Analyst Nets 290 SOL as Solana Prices Climb

Coin Edition

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