The trader, the largest BOME holder, made an over 993-fold gain on his initial investment, spurring insider trading allegations.
A savvy trader turned $2,275 worth of Solana (SOL) tokens into a profit of $2.26 million in just eight hours.
The memecoin trader’s wallet, known as ‘sundayfunday.sol,’ made an over 993-fold gain on his 13 SOL investment into newly-launched memecoin 1DOL, according to a May 19 post by Lookonchain:
Memecoins like Dogwifhat (WIF) and Pepe (PEPE) have taken the spotlight since the Bitcoin halving. Despite having no underlying utility, memecoins often reach multibillion-dollar valuations, making millionaires for some investors.
