How these traders made millions off small-cap Solana meme coins

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As a seasoned researcher with years of experience in the crypto market, I’ve seen my fair share of ups and downs, bull runs and bear markets. However, the recent trading activities on the Solana blockchain have left me quite intrigued. The tales of small-cap meme coins turning into gold mines for some traders are reminiscent of the early days of Bitcoin and Ethereum.

Lately, some savvy investors have reaped significant profits from their investments in lesser-known meme tokens on the Solana blockchain.

The remarkable transactions are happening due to the continuous surge in the overall market, affecting even the meme coin sector. Consequently, both affluent and less wealthy individuals have seized the moment, amassing millions in earnings by capitalizing on this trend.

It’s important to note that these meme coins are highly volatile and investing in them is very risky. Always do your own research before accumulating crypto tokens, especially meme coins.

Trader turns $2.8m into $36.7m with PNUT, FRED

On November 6th, a trader who just set up a new digital wallet put $2.8 million into two meme coins – Peanut the Squirrel (PNUT) and First Convicted RACCOON (FRED). This is an interesting investment.

As a crypto investor, I recently made two significant purchases:

In just 12 short days, the worth of these investments skyrocketed. Currently, PNUT holdings are valued at a staggering $28.62 million, with FRED standing at $10.23 million. This incredible growth has led to unrealized gains of approximately $26.48 million for PNUT and $9.57 million for FRED. With such impressive returns, the trader has decided to diversify and acquire additional tokens such as FREN, EARLY, and ATLAS.

PNUT’s largest holder earns $56m

A different investor started dealing meme tokens on October 16, initiating transactions with Goatseus Maximus (GOAT). Although there were initial errors, like selling GOAT at lower rates and losing $1.55 million on FLAVIA due to fear of missing out (FOMO), they eventually made the correct moves with PNUT.

From November 3rd to 10th, they put $2.8 million into PNUT. After Binance started listing PNUT, they sold some of their earnings since the number of tokens they held decreased to 26,720,000. Interestingly, these remaining tokens are now valued at approximately $56.64 million, making them the largest holder of PNUT on record.

Investor makes $12m with AI16Z

One investor took a bold approach, spending $33,000 to buy 30.6 million ai16z (AI16Z) late last month. The gamble eventually paid off, as the investment grew to $12.2 million, representing a staggering 371 times return.  

Trader leverages URO and RIF for $1.62m profit

Simultaneously, a trader amassed a profit of $1.62 million from two meme coins based on decentralized science. Initially, he turned an initial investment of $768 in Urolithin A (URO) into $572,000.

Additionally, they acquired Rifampicin (RIF) for $300. After selling part of it, they realized a valuation of $957,000. This, along with their other transactions, resulted in a total value of approximately $1.62 million. These actions, carried out within 20 days, yielded a return that was more than 1,400 times the initial investment.

URO and RIF yield $5.4m in five days  

On November 13th, another investor put $17,200 into both RIF and URO. These investments have seen substantial growth, with the initial $8,600 in RIF now worth an estimated $3.6 million and the same amount in URO reaching an unrealized profit of $1.81 million.

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2024-11-18 13:00