On-chain data shows that about $528,000 has already been cashed out, while the remaining tokens worth about $1.5 million remain in the trader’s wallet.
A Solana (SOL) trader who started with a balance of only 1.5 SOL hit the jackpot after putting one token on a dragon-themed memecoin on the Solana blockchain.
On Dec. 27, blockchain analytics platform Lookonchain flagged a somewhat lucky trade, where a Solana holder got hold of around $2 million after buying a memecoin. While the trader only had 1.5 SOL at the start, the user caught wind of Silly Dragon (SILLY), a meme token showcasing a “silly dragon” as its mascot on Dec. 5.
Five minutes after the memecoin opened trading, the trader exchanged 1 SOL, worth around $62 at the time, for 43 million SILLY tokens. About 22 days later, the tokens were worth around $2 million as the price of SILLY surged to new highs, reaching a market capitalization of over $123 million.
