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October 2, 2024
at
12:00 am
EST
(Updated:
)
MIN READ
Trader Turns $100 Into $350K In 3 Hours
Arkham
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The owner of the dog which inspired the memecoin BONK announced in a Twitter post that she had adopted a new dog named “Pochita”, leading to a number of memecoins being launched by developers.
Balltze (@Balltzhek)’s announcement led to the creation of several “Pochita” memecoins through pump.fun.
Trader AjwF was one of the first buyers of the one of the prominent ones. He spent $138 worth of Solana and received 21.9 million Pochita tokens, which rapidly grew to a value of $350K in just 3 hours.
Trader AjwF spent $138 worth of Solana and received 21.9 million Pochita tokens
Trader AjwF holding 21.9 million Pochita tokens (Source)
At the time of his purchase, AjwF was the top holder of the Pochita token, holding 2.18% of the total supply. This is slightly more than the Raydium Pool 2, which held 2.13% of the supply.
AjwF sold 30k of his Pochita tokens, for around $450
That day, AjwF sold 30k of his Pochita tokens, worth around $450. In the meantime, he continued to gamble on pump.fun memecoins.
AjwF sending tokens to separate wallets
The next day AjwF split his holdings by sending 3 different wallets 7 million Pochita tokens each.
AjwF on Arkham
Some of AjwF’s other transactions can be viewed on Arkham here.
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