Investor Makes a 56x Profit on the New Meme Coin on the Solana Network

A crypto investor made hundreds of thousands of dollars in profit in just 2 days thanks to meme coins. According to data shared by the on-chain analytics platform Lookonchain, the crypto investor started his journey with 50 Solana (SOL) and ended it with 2,828 SOL thanks to meme coins. The investor’s target was the popular meme coin of recent days, MEW. After seeing that MEW was listed, he withdrew 50 SOL from the crypto exchange MEXC and bought 368 million MEW with it. After the rises specific to MEW, the investor sold $530,000 worth of MEW. Following this sale, the investor still holds 168 million MEW worth $353,000. The investor’s profit from short-term meme coin trading increased to over $877,000. Introduced to the market just 3 days ago, MEW has made millions for many crypto investors while also causing a lot of investors to lose money.