Anonymous Trader Earns $4.6 Million on Solana Memcoins
Date: 2025-09-16 Author: Oliver Abernathy Categories: CRYPTO PAYMENTS
The Lookonchain analytics platform reported the impressive success of a trader under the pseudonym soloxbt.sol, who operated in the Solana ecosystem. He managed to turn several thousand dollars into a fortune of $4.6 million by focusing on trading memcoins.
Operations with two tokens, KIND and Bagwork, turned out to be especially profitable. In the first case, the trader invested 34.3 SOL, which at the time of the transaction corresponded to approximately $6,900. For these funds, he acquired 25.08 million KIND. Part of the asset was sold for 218.8 SOL (about $52,800), and the remaining 22.2 million tokens were valued at $656,600 at the time of the report.
With Bagwork, the situation turned out to be even more successful. The initial investment was only 19.6 SOL (approximately $4,400). The trader later sold 12.78 million coins for 1,420 SOL (more than $347,000). At the same time, he still had 11.09 million Bagwork at his disposal, the market value of which was about $418,800.
Thus, thanks to KIND, his capital grew more than 100 times, and investments in Bagwork increased 174 times. The total result exceeded $4.6 million, which makes this case one of the most notable in the memecoin segment in recent months.
Experts note that such stories are not uncommon for the Solana market. Earlier, another trader, hiding under the nickname frostx.sol, was able to increase his deposit by 1,300 times due to the growth of the TROLL token. These examples demonstrate that even relatively small investments can bring astronomical profits with a good choice of asset and timely sale.
However, analysts emphasize: high profitability in the case of memecoins goes hand in hand with extremely high risk. The market for such tokens is unstable, and a significant portion of investors lose capital by failing to exit the deal in time. Nevertheless, success stories like soloxbt.sol continue to attract attention to this segment of the crypto market and motivate new participants to try their hand.
With the growing interest in memecoins, many specialized resources and communities, such as Telegram channels, provide information about the most discussed projects. This forms a separate ecosystem around such assets, which is developing in parallel with more traditional areas of the crypto industry.
Thus, the example of soloxbt.sol emphasizes that a competent strategy and timely decisions can bring phenomenal results even in extremely risky markets.
