Wow! How Traders Double Solana Handle In 5 Days?

<p>&nbsp;"This trader has his own strategy, so you also know how to take advantage of opportunities."</p><p><br /></p><p>Solana (SOL) emerged as one of the hottest cryptocurrencies in recent weeks when its price soared 775% last year, attracting investors to buy tokens based on the SOL chain.</p><p><br /></p><p>In that series, a trader who made an initial investment of 4 SOL has managed to generate approximately 2,250 of the digital asset worth $245,000 in just five days.</p><p><br /></p><p>Initially, the trader had seen a memecoin on the SOL blockchain called BORK, so he immediately used 4 SOL to buy 1.2 billion BORK then sold 888 million of those tokens to get 1,454 SOL.</p><p><br /></p><p><br /></p><p>It is reported that this action has taken effect when BORK increased by more than 600% during the recovery for memecoins on the SOL chain, so the trader now holds 311.4 million BORK worth almost 800 SOL.</p><p><br /></p><p>The memecoin hype has sparked profit taking from early investors in the project who then take advantage of significant returns from their initial positions if the price climbs high.</p><p><br /></p><p>As proof, there is another smart trader who traded 27 memecoins on the layer-1 blockchain in 11 days and 21 of them were profitable after which he made almost $77,700 with a winning rate of 78%.</p><p><br /></p><p>Also last month, another SOL investor raised almost $2 million after investing in a memecoin featuring a strange dragon as its mascot called Silly Dragon (SILLY) for just 1.5 SOL.</p><p><br /></p><p>As explained further, the trader exchanged 1 SOL worth $62 for 43 million SILLY tokens and over the next 22 days, SILLY, which reached a new high, had a market capital exceeding $123 million.</p>