Solana

<p class="is-style-lead">A user with the address shatter.sol bought the BOME meme token on the Solana network and earned over $100,000 in a day but missed $1 million profit.</p> 
<p>According to Lookonchain on-chain data, on March 13, the trader purchased 170.25 million Book of Meme (BOME) for 50 Solana (<a href="https://crypto.news/price/Solana/">SOL</a>), which was worth $8,500 at the time of the transaction. The next day, the trader sold the assets for 767 SOL, which was worth around $130,000.</p> 
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   <p lang="en" dir="ltr">The 170.25M <a href="https://twitter.com/search?q=%24BOME&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$BOME</a> this guy sold for 767 <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$SOL</a>($131K) yesterday is now worth 5,440 <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$SOL</a> ($956K)!<br><br>If only he had been more patient!<a href="https://t.co/vSdGzrwoOW" target="_blank">https://t.co/vSdGzrwoOW</a> <a href="https://t.co/xr1YaeR2CI" target="_blank">pic.twitter.com/xr1YaeR2CI</a></p>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1768557101444669457?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">March 15, 2024</a>
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<p>A day later, according to <a href="https://crypto.news/tag/CoinMarketCap/" target="_blank" rel="noreferrer noopener">CoinMarketCap</a>, the token rate increased from $0.00005 to $0.00671 – by almost 600%. Potentially, shatter.sol could have earned around $950,000 if it sold coins at this price, Lookonchain notes.</p> 
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<p>The community was divided, with one user deeming the deal “fumbled generational wealth,” while another said, “profit is profit.”</p> 
<p>Crypto influencer Elja drew attention to other speculations with BOME. An unknown person purchased 5.5 billion meme tokens for around $71,500 worth of SOL. Within a few days, these assets turned into $5.7 million.</p> 
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   <p lang="en" dir="ltr">This address sent 420.69 Sol to join Book of memes presale.<br>In less than 48Hrs <br>He turned $80K to 5.7M <br>Yes it’s true <a href="https://t.co/ix6jwM9VhN" target="_blank">pic.twitter.com/ix6jwM9VhN</a></p>— Elja (@Eljaboom) <a href="https://twitter.com/Eljaboom/status/1768554706031222975?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">March 15, 2024</a>
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<p>Another X user, under the nickname Sunday Funday, reported the purchase of BOME for a similar amount in SOL. </p> 
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   <p lang="en" dir="ltr">I exchanged the memetic 420.69 SOL today in the <a href="https://twitter.com/search?q=%24BOME&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$BOME</a> presale and currently #1 holder. <br><br>Super proud to support <a href="https://twitter.com/Darkfarms1?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">@Darkfarms1</a> and seeing y’all recognize the immense cultural value of artists everywhere – not just the Doodle Master.<br><br>I’m at Après-ski and bought a hat to celebrate. <a href="https://t.co/hx5men7gCm" target="_blank">pic.twitter.com/hx5men7gCm</a></p>— Sunday Funday (@SundayFundayLFG) <a href="https://twitter.com/SundayFundayLFG/status/1768058894872687011?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">March 13, 2024</a>
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<p>In March, increased network activity on <a href="https://crypto.news/tag/Ethereum/" target="_blank" rel="noreferrer noopener">Ethereum</a> amid the popularity of meme coins led to an increase in fees to a two-year high. During the period from March 2 to March 9, the volume of transaction fees on the mainnet reached $193 million.</p> 
<p>Launched in late 2023 ahead of the crypto bull run, new meme coins are generating significant returns for early investors. According to Lokonchain, a trader <a href="https://crypto.news/dogwifhat-investor-sold-wif/" target="_blank" rel="noreferrer noopener">could have</a> earned more than $23 million on the little-known Dogwifhat (<a href="https://crypto.news/price/Dogwifhat/" target="_blank" rel="noreferrer noopener">WIF</a>) token if he had not sold it before the bull run began. Instead, the trader sold $142,000 worth of coins.</p> 
<p> You might also like: <a href="https://crypto.news/wif-reaches-new-ath-as-meme-coins-gain-bullish-momentum/"> WIF reaches new ATH as memecoins gain bullish momentum </a> </p>

Solana trader misses $1m profit from new BOME meme coin

crypto.news

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