Crypto whale made approximately 9 million dollars within 1 hour thanks to a Solana (SOL) based meme coin.
Another user has joined the group of those who got rich from Solana based meme coin investment today.
According to the data transferred by the on-chain analysis platform Lookonchain, the whale in question deposited 6,000 SOL worth of 1 million dollars to SHROOM, a meme coin launched on March 20.
This whale, who waited for about 1 hour, took advantage of the sudden rise in price and sold all SHROOM assets for 57,112 SOL worth of 9.93 million dollars.
The whale’s profit within this short time frame was approximately 8.9 million dollars.
SHROOM, which opened at 0.0035 dollars, rose by 2,757% in less than 1 hour and climbed to 0.10 dollars. However, this upward trend did not continue, and the price dropped at the same speed it rose, declining to around 0.020 dollars.
