While Solana (SOL)-based memecoins made their mark in 2024, many investors earned millions of dollars from these memecoins.
While fortunes can be made in a few minutes in the cryptocurrency world, in this case, it took only eight minutes to make millions of dollars.
According to Lookonchain's post, a cryptocurrency investor recently earned $1.25 million in eight minutes from a SOL-based memecoin called BUZZ.
Accordingly, this investor spent 82 SOL worth $17,000 to purchase 268.12 million BUZZ tokens. This amount corresponds to 26.8% of BUZZ’s total supply.
“Someone made 6,008 SOL ($1.25 million) from their BUZZ investment in just 8 minutes!
This trader spent 82 SOL (worth $17k) to buy 268.12 million BUZZ (26.8% of the total supply) and paid 49 SOL worth of trading fees to make the initial purchase.
“8 minutes later he sold all his BUZZ tokens for 6,090 SOL (worth $1.26 million), making $1.25 million.”
*This is not investment advice.
