One Trader Earns $23M Through BONK, WIF Meme Coins

The presence of the Solana network is back as one notable trader has earned $23 million through BONK, Dogwifhat (WIF), and other meme coins. Indeed, LookonChain reported the massive profit earned by one trader who took full advantage of Solana’s meme coin mania that has dominated most of the year.

The trader reportedly realized profits on Friday for positions held in the two aforementioned meme coins along with Jeo Boden (BODEN). Throughout his investment journey to amass profits, the trade received $6.28 million from BONK, $9.51 million from WIF, and finally more than $7 million from BODEN.

Also Read: Solana (SOL) Falls Below $150, But a Rally May Still Be Forming

Solana Meme Coin Trader Cashes Out $23 Million

The debate within the digital asset market regarding the long-term viability of meme coins has been ongoing. Yet, it has not stopped the assets from leading investors to tremendously high profits. That was especially true for one investor taking advantage of the recent surge in meme coins that took place earlier this year.

Specifically, the Solana network helped one trader $23 million in profits through an invest in the Blockchains meme coins. Specifically, positions in BONK, WIF, and BODEN led to the massive cash out from the investors.

According to LookonChain, the trader invested in BONK as early as November 11th. The user has noted its increased value and acquired some of the assets. Additionally, they utilized swing trades- buying low and selling high- to earn more than $6 million from the coin.