After pre-selling Solana memecoin, the trader will roll over his $1 million wallet.

A trader who bought frog-themed memecoin, a startup on the Solana (SOL) network, missed out on an opportunity to turn $8,000 into $1 million after selling the tokens a day before the spike.

On March 14, blockchain analytics firm Lookonchain revealed a remarkable transaction in which Solana's wallet address “shatter.sol” invested 50 SOL and launched a new Solana memecoin called the Book of Memes (BOME).

The trader bought about 170 million tokens and sold them for $131,000 after the price increase.

While many have already noted that the business is impressive, the value of the token has become more apparent. According to data from coin data tracker CoinGecko, BOME rose from $0.00005848 on March 14 to $0.005833 on March 15.

This boosted the token to a market capitalization of more than $320 million, meaning that if the trader had waited a day before selling, the 170 million tokens would have been worth about $993,000.

When it comes to the Solana memecoin business, audience opinion is divided. One X (ex-Twitter) user said he thought the trader was “cheating” the wealth of the generation, while another said it was “profiteering”.

Related: Trader hits $2M jackpot after depositing $62 into Solana memecoin

Although the trader may have lost a lot of profit, others seem to have better luck. Influencer Moataz Elsayed, also known as “Eljaboom” in the crypto space, claims that his wallet address 420.69 SOL (worth $80,000) has seen around $5.7 million in 48 hours.

The amount corresponds to a pre-sale investment from Sunday Fundai, an anonymous trader who claims to be the number one token holder.

The meme book project was started by an anonymous art producer, Darkfarms, and the number of people participating in the memecoin pre-sale was surprising.

The art producer said that they do not expect big numbers for such an experimental project during the pre-sale.

On March 13, the founder of memecoin said that their next step is to look and think about a strategy to create pools with good liquidity.

In the year In November 2023, a new wave of interest hit the Solana ecosystem, increasing the token's value by 80 percent. This was followed by Solana's memecoin frenzy, with tokens such as Bonk, Dogwhiphat and Silly Dragon showing significant gains.

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