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 <p class="paragraph">In the cryptocurrency market, smart traders are pseudonym addresses with a profitable record trading cryptocurrencies. Usually, other speculators follow these smart traders to collect insights and, sometimes, mirror strategies.&nbsp;</p>
 <p class="paragraph">Recently, a meme coin boom dominated the crypto landscape in March, creating new profitable traders who made millions of dollars. In particular, the Solana (SOL) account ‘14c7f…3KwJn’ has profited over $1.3 million trading more than 350 meme coins.</p>
 <p class="paragraph">The <a rel="noopener noreferrer nofollow" title="smart" href="https://thebittimes.com/tag/smart.html">smart</a> <a rel="noopener noreferrer nofollow" title="trade" href="https://thebittimes.com/tag/trade.html">trade</a>r achieved this impressive result in a month-to-date (MTD) time frame, according to <em>Lookonchain</em>’s post on X (Twitter).</p>
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   <svg width="32" height="32" viewbox="0 0 32 32" fill="none" xmlns="//www.w3.org/2000/svg"><path d="M4 10.6665V25.3332C4 28.2678 6.392 29.3332 8 29.3332H28V26.6665H8.016C7.4 26.6505 6.66667 26.4078 6.66667 25.3332C6.66667 24.2585 7.4 24.0158 8.016 23.9998H28V5.33317C28 3.8625 26.804 2.6665 25.3333 2.6665H8C6.392 2.6665 4 3.73184 4 6.6665V10.6665ZM8 5.33317H25.3333V21.3332H6.66667V6.6665C6.66667 5.59184 7.4 5.34917 8 5.33317Z" fill="#EF4444"> 
    </path> <path d="M15.996 18.6668L20.4626 14.2815C20.738 14.0166 20.9571 13.6989 21.1068 13.3473C21.2564 12.9957 21.3336 12.6176 21.3336 12.2355C21.3336 11.8534 21.2564 11.4752 21.1068 11.1236C20.9571 10.7721 20.738 10.4543 20.4626 10.1895C19.9074 9.64148 19.1587 9.33422 18.3786 9.33422C17.5985 9.33422 16.8498 9.64148 16.2946 10.1895L15.996 10.4801L15.6973 10.1881C15.1423 9.64023 14.3938 9.33301 13.614 9.33301C12.8341 9.33301 12.0856 9.64023 11.5306 10.1881C11.2552 10.453 11.0361 10.7707 10.8865 11.1223C10.7368 11.4739 10.6597 11.852 10.6597 12.2341C10.6597 12.6162 10.7368 12.9944 10.8865 13.346C11.0361 13.6975 11.2552 14.0153 11.5306 14.2801L15.996 18.6668Z" fill="#EF4444"> 
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 <p class="paragraph">Notably, the highest profit was acquired with the meme coin TWTR. The trade started with an initial investment of 6 SOL, returning 2,066 SOL, for over 34,000% gains. This alone has rendered the smart trader a profit of $360,500, considering a price of $175 per SOL.</p>
 <figure class="wp-block-image size-full"><img decoding="async" width="960" height="196" src="https://cdn.thebittimes.com/images/2024/03/24/2fff7c0c9c4ad2cd6002f4c031b44869.webp" alt class="wp-image-163339" srcset="https://cdn.thebittimes.com/images/2024/03/24/2fff7c0c9c4ad2cd6002f4c031b44869.webp 960w, https://cdn.thebittimes.com/images/2024/03/24/2fff7c0c9c4ad2cd6002f4c031b44869.webp 300w, https://cdn.thebittimes.com/images/2024/03/24/2fff7c0c9c4ad2cd6002f4c031b44869.webp 768w" sizes="(max-width: 960px) 100vw, 960px">
  <figcaption class="wp-element-caption">
   Solana (SOL) price and market cap. Source: <em>CoinMarketCap</em>
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 <h2 class="wp-block-heading" id="h-top-10-meme-coin-trades-by-the-1-3-million-profit-smart-trader">Top 10 meme coin trades by the $1.3 million profit smart trader</h2>
 <p class="paragraph">Looking further, the analysis consolidated the other nine most profitable meme coin trades by ‘14c7f…3KwJn’. NOSTALGIA resulted in a profit of 1,230 SOL, worth $215,250, while Solstream 779 SOL ($136,325).</p>
 <p class="paragraph">The other seven meme coins sum to a total of 1,610 more Solana to the smart trader, valued at $281,750.</p>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="667" src="https://cdn.thebittimes.com/images/2024/03/24/524964e2f39fe95bf808ff1fc76d2ed9.webp" alt class="wp-image-163340" srcset="https://cdn.thebittimes.com/images/2024/03/24/524964e2f39fe95bf808ff1fc76d2ed9.webp 1024w, https://cdn.thebittimes.com/images/2024/03/24/524964e2f39fe95bf808ff1fc76d2ed9.webp 300w, https://cdn.thebittimes.com/images/2024/03/24/524964e2f39fe95bf808ff1fc76d2ed9.webp 768w, https://cdn.thebittimes.com/images/2024/03/24/524964e2f39fe95bf808ff1fc76d2ed9.webp 1536w, https://cdn.thebittimes.com/images/2024/03/24/524964e2f39fe95bf808ff1fc76d2ed9.webp 1904w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Top 10 profitable tokens of 14c7fpS311NM2in8Q2jj7hXNwFcpYz5z3wyrSh3KwJn. Source: <em>Lookonchain</em>
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 </figure>
 <p class="paragraph">Interestingly, these speculative maneuvers happened during a huge meme coin boom in March. The <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currency landscape saw a generalized shift toward fun tokens, with Solana Network at the forefront of this mania.</p>
 <p class="paragraph">However, meme coins are not advised assets to hold in an ideal crypto portfolio. This class of cryptocurrencies lacks solid fundamentals to sustain any acquired demand in the long term. Finance experts usually describe meme coin speculation risks according to “The Greater Fool Theory,” which says:</p>
 <blockquote class="wp-block-quote">
  <p class="paragraph">“The Greater Fool Theory is the idea that, during a market bubble, one can make money by buying overvalued assets and selling them for a proﬁt later, because it will always be possible to ﬁnd someone who is willing to pay a higher price. An investor who subscribes to the Greater Fool Theory will buy potentially overvalued assets without any regard for their fundamental value. This speculative approach is predicated on the belief that you can make money by gambling on future asset prices and that you will always be able to ﬁnd a “greater fool” who will be willing to pay more than you did. Unfortunately, when the bubble eventually bursts (which it always does), there is a large sell-oﬀ that causes a rapid decline in the asset values. During the sell-oﬀ, you can lose a great deal of money if you are the one left holding the asset and cannot ﬁnd a buyer.”</p> <cite>– Harford Funds blog post: “The Greater Fool Theory: What Is It?”</cite>
 </blockquote>
 <p class="paragraph">Therefore, speculators joining the speculative frenzy late, following <a rel="noopener noreferrer nofollow" title="‘smart" href="https://thebittimes.com/tag/smart.html">‘smart</a> <a rel="noopener noreferrer nofollow" title="trade" href="https://thebittimes.com/tag/trade.html">trade</a>rs,’ may end up with liquidity issues or face potential crashes, losing most of their short-term acquired <a rel="noopener noreferrer nofollow" title="profit" href="https://thebittimes.com/tag/profit.html">profit</a>s. To avoid these consequences, investors should focus on projects with solid fundamentals and sustainable long-term demand.</p>
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/this-crypto-smart-trader-profited-over-1-3-million-since-march-1-tbt83403.html">https://thebittimes.com/this-crypto-smart-trader-profited-over-1-3-million-since-march-1-tbt83403.html</a></p>

This crypto ‘smart trader’ profited over $1.3 million since March 1

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