Solana

2024

BOOK OF MEMES

Gains

Coin

<ul class="news-points">
 <li><strong>A meme coin trader bought 292.16 million SHROOM and made $8.9 million in gains.</strong></li>
 <li><strong>The 4-hour price analysis showed that SOL might drop to the $149.20 local support.</strong></li>
 <li><strong>The MFI indicated that SOL neared the oversold region, and a bounce could happen soon.</strong></li>
</ul>
<p>Within one hour, a trader made a mind-blowing $8.9 million trading SHROOM, one of <a href="https://coinedition.com/solana-sol-price-prediction/" rel="noopener noreferrer nofollow">Solana’s (SOL)</a> memecoins. According to Lookonchain, the traders spent 6,000 SOL to buy 292.16 million SHROOM.</p>
<p>An hour later, the trader sold the SHROOM for $9.93 million, making the profits above in the process.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   <p lang="en" dir="ltr">Unbelievable!<img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f631.png" alt="😱" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>This guy made 51,112 <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$SOL</a>($8.9M) in less than 1 hour!<br><br>He spent 6K <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$SOL</a>($1.04M) to buy 292.16M <a href="https://twitter.com/search?q=%24SHROOM&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$SHROOM</a> in the same block where <a href="https://twitter.com/hashtag/Shroom?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Shroom</a> deployer added liquidity.<br><br>Then sold it for 57,112 <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$SOL</a>($9.93M) within an hour.<br><br>Made 51,112 <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$SOL</a>($8.9M) in less than 1 hour!… <a href="https://t.co/IHzLVdX8rZ" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/IHzLVdX8rZ</a></p>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1770286552155123983?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">March 20, 2024</a>
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</figure>
<h2 class="wp-block-heading" id="h-meme-coin-season-continues"><strong>Meme Coin Season Continues</strong></h2>
<p>SHROOM is one of the many meme coins that have recently emerged on the Solana blockchain. In recent articles, Coin Edition made mention of <a href="https://coinedition.com/book-of-memes-bome-price-prediction/" rel="noopener noreferrer nofollow">BOOK OF MEMES (BOME)</a>, which gave incredible gains to buyers after it hit a $1 billion market cap.</p>
<p>At press tim…</p>
<p>The post <a href="https://coinedition.com/solana-meme-coin-dominance-on-display-as-shroom-provides-massive-gains/" rel="noopener noreferrer nofollow">Solana Meme Coin Dominance on Display as SHROOM Provides Massive Gains</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Solana Meme Coin Dominance on Display as SHROOM Provides Massive Gains

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Coin Edition

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