Just over a week ago, Solana trader (Db3Pq) acquired 30,194,275 tokens of MOODENG, just as the memecoin made it out of pump.fun to Raydium. The MOODENG memecoin is named after a recently viral Thai pygmy hippo which has since become an internet sensation. They swapped 6 SOL ($815.28) for the transaction and simply waited. Today, the coin has steadily climbed to a market capitalization of just over $18M, quickly pushing their position to almost $550K, netting this trader a 670x return on his original investment.
Aside from MOODENG, Db3Pq also holds several other memecoins including 15M tokens of Soyjak (SOY), which he acquired for 49 SOL ($7,166) back in July. Their SOY position is currently up around 41% since. However, not all their trades went as well, with other tokens such as GRUG and RIZZ sitting in deep losses at the moment.
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