- A crypto dealer revamped $77K from buying and selling meme cash on Solana.
- The dealer acquired 27 meme tokens, 21 of which he bought for revenue, with a 78% win fee.
- Pursuits in meme cash have relaxed because the begin of 2024, with main tokens trending within the bearish zone.
A crypto dealer has netted over $77K in revenue buying and selling meme cash on layer-1 blockchain Solana prior to now 11 days, cryptocurrency knowledge tracker LookOnChain reported. The revenue positive aspects come amidst an amazing rise in cryptocurrency buyers’ curiosity in meme cash that began late final yr.
Within the put up shared on the social media platform X (previously Twitter), LookOnChain famous the crypto investor traded 27 Solana meme tokens prior to now 11 days. Out of the 27, the dealer realized positive aspects on 21 of the tokens. In keeping with that report, the dealer netted round $77.7K from the trades with a win fee of 78%.
In the meantime, curiosity in meme cash seems to have relaxed because the begin of the brand new yr. As famous in an earlier report, meme tokens like Solana-based BONK, which noticed an amazing rise, at the moment are trending within the unfavorable zone.
Information from CoinMarketCap exhibits BONK has been on a gradual decline because the shut of final yr. At current, the meme token is exchanging fingers at $0.00001364 following a 7.37% drop prior to now 24 hours. As well as, BONK has a market cap of round $834 million to take a seat because the third-largest meme coin community.
Elsewhere, the main meme coin token, Dogecoin (DOGE), has seen muted value actions prior to now seven days. In that interval, the token declined by 0.07%. Nonetheless, DOGE’s $13 billion market capitalization continues to dwarf the remainder of the phase.
The second-ranked meme token by market cap, Shiba Inu (SHIB), has additionally struggled to maintain an upward value motion. Whereas the token is up marginally prior to now seven days, it has declined by 2.61% prior to now 24 hours.
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