Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesBotsEarnCopy
Solana Trader Turned $80K Into $1.2 Million & Then Lost It All

Solana Trader Turned $80K Into $1.2 Million & Then Lost It All

Arkm-research2024/09/11 16:00
By:Research Team
Solana Trader Turned $80K Into $1.2 Million & Then Lost It All image 0
Memecoin trader ( 6K2d9 ) AURA transactions ( Source )

Solana memecoin trader ( 6K2d9 ) was early to the memecoin, AURA, making their first purchase just a day after its launch on 31st May. Over the next two months, they continued to buy into the memecoin, with their largest purchases in early July in two clips worth almost $60K in SOL, or 3.265M AURA tokens. At this point, 6K2d9 had acquired 15,940,650 AURA tokens with $86,587.84. As AURA gained traction and climbed to a valuation of $76M, his position grew as well, peaking at a value of $1.178M, or a 13.6x return in just 2 months.

Solana Trader Turned $80K Into $1.2 Million & Then Lost It All image 1
6K2d9 transfers 16M AURA tokens to XCkMA ( Source )

Unfortunately for them, they chose to hold the majority of their AURA tokens, transferring them into another wallet ( XCkMA ), where they continue to baghold their position today. Today, the 16M AURA tokens on their wallet is now worth only $141.41K. While the token has fallen 87% from its highs, this Solana memecoin trader is still up 63% on their initial investment.

Nevertheless, 6K2d9 remains undeterred and continues to trade deep in the Solana trenches, trading both low and high cap memecoins. Most notably, they recently acquired a $1M position in WIF which is currently worth $981.47K.

Solana Trader Turned $80K Into $1.2 Million & Then Lost It All image 2
6K2d9 acquires 625K WIF tokens before transferring them to XCkMA ( Source )
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Trump administration walks back tariff ‘exemption’ on electronics

Trump says he’s “flexible” on electronic tariffs, and that more developments are “coming up”

Blockworks2025/04/14 23:45

Charles Hoskinson Weighs in: Is Bitcoin Surging to $250K?

Unpacking Charles Hoskinson's Bold Bitcoin Prediction in Light of Current Market Trends

Coineagle2025/04/14 23:44
Charles Hoskinson Weighs in: Is Bitcoin Surging to $250K?

Market Insights: Short-Term Recovery Signals for BONK, ALCH, and Bitcoin

In Brief Analyst Pseudonym identifies recovery signals in BONK, ALCH, and Bitcoin. Short-term trading strategies recommended for cautious positions. Increasing interest in meme tokens amid market volatility.

Cointurk2025/04/14 22:00
Market Insights: Short-Term Recovery Signals for BONK, ALCH, and Bitcoin

Ethereum Price Fluctuations Ignite Technical Analysis and Strategic Forecasts

In Brief Ethereum's price fluctuations shift focus to technical indicators among market players. Analysts signal potential recovery and long-term growth opportunities for Ethereum. Competition from networks like Solana raises challenges for Ethereum's market position.

Cointurk2025/04/14 22:00
Ethereum Price Fluctuations Ignite Technical Analysis and Strategic Forecasts