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An investor who has shown remarkable success in meme coin transactions has once again made hundreds of thousands of dollars.

The investor, who earned $3 million through Solana (SOL)-based meme coin SLERF, has now set his sights on making serious profits with PANTIES.

According to data provided by the on-chain analysis platform Lookonchain, the investor recently made a purchase of 31.57 million PANTIES for 5,000 dollars.

The investor, who bought immediately after the release of PANTIES and took advantage of the subsequent rise, sold 31 million PANTIES for 318,000 dollars’ worth of 1.797 SOL within hours.

Not content with this, he spent 106,000 dollars’ worth of 600 SOL to buy 6 million PANTIES shortly afterward. The investor did not sell any of his recent purchases.

PANTIES, which showed a 40,500% increase just hours after its release, quickly fell back and recouped more than 70% of its profits. As of this writing, PANTIES is trading at 0.018 dollars.

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