This Trader Becomes A Crypto Whale After IDR 373 Billion From Memecoin On The Solana Network

BODEN is a memecoin on Solana's network. (Photo; Doc. Decrypt)

JAKARTA - A crypto trader under the pseudonym Paulo.sol has listed himself as a whale' who managed to get big profits from Solana's memecoin market. With his expertise in utilizing Solana-based meme coin price fluctuations, Paulo.sol managed to collect a pure profit of around $23 million or around Rp373 billion).

This successful journey began when Paulo.sol identified a potential increase in value from BONK in November last year. With a careful flip'' strategy buying at low prices and selling at peak' he managed to pocket a profit of $6.28 million (approximately Rp101.7 billion) only from BONK.

It doesn't stop there. Then, in December 2023, Paulo.sol managed to take advantage of opportunities similar to the trading memecoin WIF which he bought when it was just launched and managed to get a profit of $9.51 million (around Rp154 billion).

This success continued in March 2023 with a memecoin which is a play on the name of US president Joe Biden. The name of the meme coin is Jeo Boden (BODEN), where he took advantage of a price spike that reached 830% in six hours and 2431% in 24 hours. From there he made a profit of $7.04 million (around Rp114 million).

- https://voi.id/teknologi/367091/memecoin-bome-dongkrak-harga-solana-sol-ke-peringkat-4-kripto-teratas

- https://voi.id/teknologi/373323/koin-meme-bukan-cuma-shiba-inu-ini-alternatif-memecoin-lain-yang-harus-diketahui

- https://voi.id/teknologi/368355/ghozali-everyday-kembali-dengan-proyek-memecoin-raup-rp28-4-miliar-dalam-pre-sale

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Currently, Paulo.sol still holds 12.87 million BODEN worth $7.6 million (around Rp123 billion) and 1.87 million WIF worth $5.7 million (around Rp92 billion). In addition, he has also purchased 4.3 million POPCAT tokens worth $1.77 million (around Rp28.6 billion) and 101,712 PUPS worth $5.97 million (around Rp96 billion), making it the biggest memecoin holder on the Solana network.

Paulo.sol's story shows that although the crypto market is full of risks, there are great opportunities for those who are able to read and respond to market dynamics appropriately. This success also highlights the potential that has not been explored from meme coins, which are often considered speculative assets but can turn out to be very profitable for brave and strategic traders.