Trader Doubles SOL Holdings from 18,460 to 37,446 in Just 15 Minutes Using Solana’s $SMOLE
Article Rewritten:
The world of cryptocurrency can be highly rewarding, and one trader recently experienced this firsthand. By capitalizing on the surge of a new Solana meme coin called SMOLE, this trader was able to make a substantial profit. Created by the talented artist Dekadente, SMOLE quickly gained popularity on the Solana blockchain. The trader wasted no time and invested 18,460 SOL to acquire a staggering 22.21 billion SMOLE tokens. Just 15 minutes later, they sold their SMOLE tokens for an impressive 37,446 SOL, resulting in a profit of 18,986 SOL. This remarkable achievement caught the attention of the entire crypto community.
It’s hard to believe, but someone made a profit of 18,986 SOL in a mere 15 minutes!
A trader spent 18,460 SOL to purchase 22.21 billion $SMOLE tokens
and sold them for 37,446 SOL after 15 minutes, making a profit of 18,986 SOL
pic.twitter.com/cXa8md0DUm
— Elja (@Eljaboom)
March 21, 2024
But how was this feat accomplished? Keep reading to find out.
SMOLE made an explosive debut, raising an impressive 169,982 SOL during its presale. This is the largest amount any Solana meme coin has ever raised. The token became available for trading today through its listing on various crypto exchanges, including HTX, Bitrue, XT.com, and Gate.io.
Solana, as a blockchain, has also been gaining momentum. The surge in Solana memecoins reflects the overall growth in the crypto market, impacting not only Bitcoin and Ethereum but also a range of altcoins. The market capitalization of Solana memecoins collectively rose by 2.1% in just one day, reaching an astounding $6 billion.
However, the influx of memecoins has put a strain on Solana’s network, leading to congestion and delays in token distribution, including an eagerly awaited airdrop. To address this challenge, 0xDekedente, the creator of SMOLE, proposed a strategic solution: launching the token first and then executing the airdrop once the network conditions stabilize.
Despite potential delays for pre-sale participants, an online poll revealed that the community preferred prioritizing the token launch. The meme craze on Solana continues to grow. So, are you ready to jump in or will you stay on the sidelines?
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