The trader swiftly purchased 16 billion ANALOS tokens, worth $2200, within the first minute of trading on the Raydium liquidity pool. Within a few days, the tokens were sold for $3.45 million, leaving the trader with 1.56 billion ANALOS tokens ($2.34 million) across four wallets, as confirmed by Lookonchain.
As Solana cryptocurrency continues to climb, it now ranks second only to the likes of Bitcoin, Ethereum, and the stablecoin Tether in terms of market capitalization. As of December 26, SOL’s price has surged close to $114, with a market capitalization nearing $48.5 billion.
A recent report by CoinShares analysts revealed that cryptocurrency funds witnessed a mammoth influx of $103 million in funds last week. Notably, Solana-related projects experienced significant growth, attracting $6 million in funding.
Furthermore, a crypto enthusiast known as Blockgraze shared their success story, disclosing how they transformed a $1,000 investment into $100,000 by betting on the Dogwifhat meme token, featuring a dog in a hat as its mascot.