{"id":476167,"date":"2024-01-29T11:13:38","date_gmt":"2024-01-29T11:13:38","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=476167"},"modified":"2024-01-29T17:14:47","modified_gmt":"2024-01-29T17:14:47","slug":"solana-meme-coin-wen-made-one-trader-1-6-million-in-just-14-hours","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/solana-meme-coin-wen-made-one-trader-1-6-million-in-just-14-hours","title":{"rendered":"Solana Meme Coin WEN Made One Trader $1.6 Million In Just 14 Hours"},"content":{"rendered":"

A crypto trader was able to print more than $1.6 million in gains after getting in early on the Solana meme coin Wen (WEN), according to the on-chain tracking platform Lookonchain.<\/span><\/p>\n

“In just 14 hours, this trader made over $1.6 million trading MEME coin WEN!” the platform said in a post<\/a> on X.<\/span> \"Image\"<\/p>\n

WEN Trader Still Has $941,000 In Unrealized Profit<\/span><\/h2>\n

Lookonchain said the trader made $682,000 in USD Coin (USDC) and held an additional $941,000 in unrealized profits sitting in a wallet. <\/span><\/p>\n

“He spent 125,500 USDC to buy 20 billion WEN when WEN opened trading, and sold 12.5 billion WEN for 807,000 USDC, realizing a profit of 682,000, “ said Lookonchain. <\/span><\/p>\n

The platform said that the trader “currently holds 7.6 billion WEN tokens.” Over the past 24 hours, WEN <\/span>surged<\/span><\/a> more than 24% to trade at $0.0001594 as of 5:50 am EST, according to CoinMarketCap data. <\/span><\/p>\n

Traders Capitalize On Solana Meme Coin Frenzy <\/span><\/h2>\n

Solana <\/span>meme<\/span><\/a> coins have been in the spotlight lately due to their impressive performances. This follows SOL’s rally last year, which injected a wave of bullish momentum into the ecosystem. <\/span><\/p>\n

Some of the traders looking to profit on this volatility have managed to generate substantial profits. Earlier this month, Lookonchain revealed that a trader achieved massive gains trading Bonk, another popular meme coin housed on the Solana network.<\/span><\/p>\n

In a Jan. 9 post, the platform noted that a “smart trader” who made around $6.9 million on BONK “spent 386 <\/span>SOL<\/span><\/a> ($40,000) to buy 3.29 billion BONK again!” This specific trader accumulated 371.4 billion BONK tokens in 9 months. <\/span><\/p>\n

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This smart trader who made ~$6.9M on $BONK<\/a> spent 386 $SOL<\/a>($40K) to buy 3.29B $BONK<\/a> again today!<\/p>\n

He accumulated 371.4B $BONK<\/a> in 9 months at a cost of only 6,998 $SOL<\/a>($276K) and sold half of the $BONK<\/a> during the $BONK<\/a> surge for 50,139 $SOL<\/a>($5.2M).https:\/\/t.co\/pOFRD2ndI8<\/a> pic.twitter.com\/lkgGm13G0e<\/a><\/p>\n

— Lookonchain (@lookonchain) January 9, 2024<\/a><\/p><\/blockquote>\n