Join WhatsApp Channel
Join Telegram ChannelIn a stunning demonstration of the explosive potential of meme coins, a cryptocurrency trader turned a $458,000 investment into $4.9 million within two weeks by trading Swarms, an AI-based meme coin on the Solana network. This nearly tenfold gain highlights the rapid rise of the Solana-based meme coin.
Trader Makes $4.9 Million Profit with AI Meme Coin in Just Two Weeks
Swarms, powered by the SwarmShield platform that offers military-grade encryption and secure communications, has attracted a lot of attention. Despite its recent popularity, the token price fell by around 24% in the last 24 hours.
On January 11, blockchain analytics platform Lookonchain revealed that traders purchased 20 million Swarms tokens for $458,000. Recently, the trader sold 5 million tokens for 7,232 SOL, equivalent to $1.35 million, and is still holding 15 million tokens worth $4.02 million.
These impressive returns underscore the appeal of innovative tokens that combine cutting-edge technology with meme culture, thereby attracting savvy traders. Solana meme coins, such as Swarms, are becoming an integral part of the network's ecosystem as Solana's popularity increases.
Whale Activities Drive Interest
Adding to the intrigue, cryptocurrency whales holding AI16Z tokens have recently begun amassing Swarms. Whale reportedly invested $12,800 in the token when its market capitalization reached $336 million.
Swarm and Solana Market Trends
At the time of writing, Swarms was valued at $0.27 after a 23.74% drop in the last 24 hours, bringing its market cap down to $274.86 million. However, the token has shown resilience, with an increase of 42% over the past week and an increase of 74% over the past month.
Solana has also seen fluctuations, with its price dropping 3% in the last 24 hours to $186.
The Way Forward
The rapid rise of the herd and high-level trades like this highlight the ever-evolving landscape of meme coins and their potential to generate huge profits. As the Solana ecosystem develops, innovative tokens like Swarms are expected to remain in the spotlight, attracting both institutional and retail investors.