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Though the community has confronted its fair proportion of criticism during the last week, the Solana slowdown is unable to cease one meme coin investor from turning $530,000 into $6 million. Certainly, the dealer bought 12,08 million meme coin Boden, which is impressed by the picture of US President Joe Biden.
The acquisition occurred simply two days after the meme coin launched. The preliminary acquisition befell for simply 3,100 SOL, based on Lookonchain reviews. On April sixth, one month after the acquisition, the asset realized a revenue of greater than 20,000 SOL. So, does this present that the Solana community remains to be alive and thriving regardless of the issues?
Meme Coin Investor Makes Huge Revenue on Solana Regardless of Congestion
All year long, Solana has skilled super highs, countered by some somewhat attention-grabbing lows. The community performed a significant half within the meme coin frenzy that befell in March. But, it additionally noticed a plethora of customers complain in regards to the standing of the community. Particularly, the feedback indicated that 75% of all transactions have been failing.
Nonetheless, that doesnβt seem to have affected the dealer, who earned fairly a revenue by means of the blockchain. Certainly, the Solana slowdown didnβt preserve this meme coin investor from turning $530,000 into $6 million with one model new meme coin providing.
Lookonchain reported that the investor bought the Boden coin 2 days after it initially launched. Subsequently, he offered a portion of his preliminary funding; offloading 9.08 million Boden to earn $4.06 million. Furthermore, he at present holds 3 million of the meme coin at an unrealized revenue of $2.4 million.
This improvement reveals the clear incomes potential of meme cash regardless of the problems with the community. But, these circumstances may solely be all of the extra widespread, as Solana has seen builders companion to place an finish to the continuing points.
The community is slated to concern a patch on April fifteenth. That ought to present the mandatory replace to finish the congestion points that so many customers are having. Certainly, the present state of the community seems to be ill-fit to deal with the inflow of quantity. If that’s addressed with the introduced replace, the meme coin market may flourish once more for Solana.
