Solana Meme Coin Dominance on Display as SHROOM Provides Massive Gains
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Predictions Markets
See what traders are focused on
- A meme coin trader bought 292.16 million SHROOM and made $8.9 million in gains.
- The 4-hour price analysis showed that SOL might drop to the $149.20 local support.
- The MFI indicated that SOL neared the oversold region, and a bounce could happen soon.
Within one hour, a trader made a mind-blowing $8.9 million trading SHROOM, one of Solana’s (SOL) memecoins. According to Lookonchain, the traders spent 6,000 SOL to buy 292.16 million SHROOM.
An hour later, the trader sold the SHROOM for $9.93 million, making the profits above in the process.
Unbelievable!
— Lookonchain (@lookonchain) March 20, 2024
This guy made 51,112 $SOL($8.9M) in less than 1 hour!
He spent 6K $SOL($1.04M) to buy 292.16M $SHROOM in the same block where #Shroom deployer added liquidity.
Then sold it for 57,112 $SOL($9.93M) within an hour.
Made 51,112 $SOL($8.9M) in less than 1 hour!… pic.twitter.com/IHzLVdX8rZ
Meme Coin Season Continues
SHROOM is one of the many meme coins that have recently emerged on the Solana blockchain. In recent articles, Coin Edition made mention of BOOK OF MEMES (BOME), which gave incredible gains to buyers after it hit a $1 billion market cap.
At press tim…
The post Solana Meme Coin Dominance on Display as SHROOM Provides Massive Gains appeared first on Coin Edition.
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