His strategic acumen in trading Solana-based meme coins, such as Dogwifhat (WIF), Jeo Boden (BODEN), and Bonk (BONK), has captivated the crypto community.
Paulo.sol’s remarkable journey began with timely investments in these same corners. According to the on-chain analytical platform Lookonchain, its strategy https://twitter.com/lookonchain/status/1783749315447644238 on timing. In effect, the trader has been willing to pounce on significant market movements rather than enter into pre-sales.
His approach paid off big, starting with Bonk (BONK), which he started buying on November 11, 2023. By buying the dip and selling the top, he made about $6.28 million.
Subsequently, paulo.sol achieved similar success with WIF and BODEN coins, securing millions of coins. Currently, he holds 1 million BODEN worth $528,700 and 2.9 million WIF worth $8.7 million.
Additionally, its recent acquisition of Popcat is another significant investment. He now holds 9.3 million Popcat tokens. These are currently valued at $4.9 million. Currently, it is one of the same corners in which the trader is most invested. This could prove to be a winning move, as Popcat is up +200% for the week.
The crypto community praises paulo.sol for its bold and effective trading maneuvers.
“Don’t call him lucky, he has more conviction than the others,” https://twitter.com/ImZiaulHaque/status/1783759963850158567 crypto analyst Zia ul Haque.
Nonetheless, the story of paulo.sol is part of a larger narrative. Indeed, because this is not the first and probably not the last time that same coin traders will experience such success. For example, another trader made headlines in January by capitalizing on the initial excitement around WEN tokens. The latter transformed an investment of $125,500 into a profit of $1.60 million thanks to WEN tokens in just 14 hours.
These stories of profitable trades stand in stark contrast to many stories of significant losses, highlighting the high-risk nature of meme coin trading. While the successes are enticing, they come with many stories of financial distress. All this underlines the speculative and unpredictable nature of meme coins.
To find out more: 10 same coins with high potential in 2024.
In cryptocurrencies and particularly even coins, traders must exercise good risk management. It is important not to invest more than they can afford to lose. The rapid rises and sudden declines that characterize activity around these tokens require a lot of discipline.
Moral of the story: the same corners are not yet ready to be forgotten.
Disclaimer
Disclaimer: In accordance with The Trust Project guidelines, BeInCrypto is committed to providing unbiased and transparent information. This article aims to provide accurate and relevant information. However, we encourage readers to verify the facts on their own and consult a professional before making any decision based on this content.
