How these traders made millions off small-cap Solana meme coins  

Recent trading activity on the Solana blockchain has brought huge profits to some traders who invested in small-cap meme coins.

These impressive transactions follow the ongoing market-wide rally that has spread across the meme coin market. As a result, some low and high net worth individuals took advantage of the opportunity to make millions in profits.

It is important to remember that these meme coins are highly volatile and investing in them is very risky. Always do your own research before investing in crypto tokens, especially meme coins.

Investor turned $2.8 million into $36.7 million with PNUT and FRED

It is noteworthy that a trader with a newly created wallet invested $2.8 million in Squirrel Peanut (PNUT) and First Convict RACCOON (FRED) on November 6.

Purchases included $0.12 for PNUT at $2.14 million to 17.35 million and $0.0095 for FRED at $657,000 to 68.97 million.

After just 12 days, the value of these investments skyrocketed. PNUT’s assets are currently worth $28.62 million, while FRED is worth $10.23 million. This resulted in unrealized gains of $26.48 million and $9.57 million, respectively. The trader has now started to acquire other tokens including FREN, EARLY and ATLAS.

PNUT’s largest owner earns $56 million

Another investor started trading meme coins on October 16, starting with Goatseus Maximus (GOAT). Despite initial missteps like selling GOAT at lower prices and losing $1.55 million on FLAVIA due to FOMO, they eventually got it right with PNUT.

They invested $2.8 million in PNUT between November 3 and 10. After Binance listed PNUT, they made some profit as their holdings dropped to 26.72 million tokens. However, these remaining tokens are now worth $56.64 million, making the trader the largest holder of PNUT.

Investor made $12 million with AI16Z

One investor took a bold approach, spending $33,000 to buy 30.6 million ai16z (AI16Z) late last month. The gamble eventually paid off and the investment rose to $12.2 million; This represented a staggering 371x return.

Investor leverages URO and RIF to make $1.62 million profit

Meanwhile, a trader made $1.62 million in profits from two decentralized science meme coins. First, it turned an early investment of $768 into $16.44 million Urolithin A (URO) into $572,000.

They also purchased Rifampicin (RIF) for $300 and sold some of it at a valuation of $957,000, bringing the total wallet value to $1.62 million. These moves yielded more than 1,400 returns in just 20 days.

URO and RIF generated $5.4 million in five days

Of note, another investor committed $17,200 to RIF and URO on November 13th. Both investments produced rapid returns. The $8,600 in RIF turned into $3.6 million, while the same amount in URO turned into $1.81 million in unrealized profit.