The meteoric rise of meme coins continues to captivate the cryptocurrency world, with recent reports showcasing jaw-dropping gains and missed opportunities. In recent days, the spotlight has been on the meteoric rise of the BOME meme token on the Solana network, where investors have seen staggering returns in a remarkably short period.
As highlighted by Lookonchain, a crypto sleuth, just two days ago, a trader known by the handle shatter.sol, capitalized on the BOME frenzy, raking in a jaw-dropping $4.3 million in profit. The trader, armed with 3,505 SOL (equivalent to approximately $645,000), swiftly plunged into the market, purchasing a hefty 532.45 million BOME tokens mere hours after trading commenced. With impeccable timing, all BOME holdings were offloaded precisely 10 hours ago, fetching a staggering 26,933 SOL, equivalent to a windfall of $4.95 million.
But shatter.sol is not the sole beneficiary of the BOME boom. Reports have emerged of other investors who struck gold with the meme token. As noted by Crypto influencer Elja, an unknown person purchased 420.69 worth of SOL which swiftly translated into a staggering $5.7 million windfall within days. Similarly, another investor, known as Sunday Funday, made a significant investment further attesting to the token’s unprecedented surge.
The BOME phenomenon is just one example of the lucrative opportunities presented by meme coins in the crypto landscape. With the advent of meme coins like Dogwifhat (WIF), early investors have witnessed exponential returns.
For instance, according to Lokonchain, a trader could have potentially amassed over $23 million had they held onto their Dogwifhat tokens before the onset of the bull run. However, instead of capitalizing on the impending surge, the trader opted to liquidate $142,000 worth of coins prematurely, highlighting the volatile yet potentially lucrative nature of meme coin investments.
