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Solana Slowdown Can’t Cease Investor From Turning $530K to $6M

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Though the community has confronted its justifiable share of criticism over the past 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 occurred for simply 3,100 SOL, in response to Lookonchain stories. 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?

Solana Weekend Price Prediction: Can SOL Go Higher?Solana Weekend Price Prediction: Can SOL Go Higher?
Supply: Solana

Meme Coin Investor Makes Large Revenue on Solana Regardless of Congestion

All year long, Solana has skilled super highs, countered by some slightly attention-grabbing lows. The community performed an important half within the meme coin frenzy that occurred in March. But, it additionally noticed a plethora of customers complain concerning the standing of the community. Particularly, the feedback indicated that 75% of all transactions had been failing.

Nonetheless, that doesn’t seem to have affected the dealer, who earned fairly a revenue by means of the blockchain. Certainly, the Solana slowdown didn’t 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 bought a portion of his preliminary funding; offloading 9.08 million Boden to earn $4.06 million. Furthermore, he at the moment holds 3 million of the meme coin at an unrealized revenue of $2.4 million.

See also  Circle expands assist for Solana because it turns into high community for cross-border funds

This improvement reveals the clear incomes potential of meme cash regardless of the problems with the community. But, these circumstances might solely be all of the extra widespread, as Solana has seen builders accomplice to place an finish to the continuing points.

The community is slated to challenge 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 might flourish once more for Solana.

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