Crypto Analyst Nets 290 SOL as Solana Prices Climb

• Topcaller.sol gains from meme coins with a 0.13% win rate.
• SOL sees price surge despite month-long bearish trend.
• Technical indicators indicate strong bullish momentum for SOL.

In a demonstration of risk and reward, an investor known as topcaller.sol has made major gains by trading meme cryptocurrencies, colloquially known as “meme coins.” Since April 9, topcaller.sol has invested in 5,417 meme coins, each purchase averaging 0.215 Solana (SOL).

Is it profitable to trade #MEMEcoins like buying lottery tickets?

topcaller.sol has bought 5,417 #MEMEcoins since April 9, investing an average of 0.215 $SOL each.

7 of the #MEMEcoins had an ROI of over 1000%, with a total profit of 290 $SOL.

The win rate for his #MEMEcoin… pic.twitter.com/gBuCZnTvYv

— Lookonchain (@lookonchain) May 6, 2024

This approach yielded substantial returns, with seven of these investments achieving a return on investment (ROI) exceeding 1000%, culminating in a total profit of 290 SOL. According to Lookonchain, the success of topcaller.sol’s trading strategy draws comparisons to purchasing lottery tickets, given the low win rate but high potential returns. The data further reveals that only 0.13% …

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