A recent trade has raised eyebrows in the market. A prominent whale used Swarms, a Solana AI-driven meme coin, to turn a $458,000 investment into $4.9 million in just two weeks. This extraordinary profit reflects the growing appeal of Solana-based meme coins. It also highlights their high return potential.
Crypto whale makes record profits with Solana coin in a short time!
As you’ve been following on Kriptokoin.com, the market continues to fluctuate back and forth. Bitcoin, the leading crypto, recovered some of its losses after taking a dive towards $92,000. The altcoin market, on the other hand, has a mixed outlook. We’re witnessing sharp declines as well as sharp increases. In this volatile environment, some crypto whales are making record profits on their trades. According to data shared by blockchain analytics platform Lookonchain, this whale initially bought 20 million Swarms tokens for $458,000 two weeks ago.
Recently, the whale sold 5 million Swarm tokens for 7,232 SOL. This corresponds to a value of approximately 1.35 million dollars. Despite selling most of his holdings, the whale still holds a lot of tokens. The whale still holds 15 million Swarm tokens, worth $4.02 million. This brings their total profit to a staggering $4.9 million. These tokens are attracting investors as well as the wider growth of the Solana network. It is also increasing trading activity.
The rise of Swarm tokens
Swarm is gaining traction as an innovative AI-powered meme coin on the Solana Blockchain. The token has attracted a lot of interest from investors, partly due to its unique concept and the growing popularity of AI-driven projects in the Blockchain space. The trader’s success reflects the growing interest in Solana-based meme coins like Swarms.
The Swarms token has surged an impressive 80% in the past month. Despite this, it has seen a sharp 21% drop in the last 24 hours. This highlights the unpredictable nature of meme coins. At the time of writing, the token is trading at around $0.2829. Furthermore, its market capitalization stands at $282 million. This recent drop raises concerns for investors, especially given the significant sale by a whale.
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