- By trading AMC and GME derivatives on Solana, “Bonk Guy” disclosed a seven-figure profit, making $1.15 million with 641% gains in just 48 hours.
- Compared to larger names like DOGE and SHIB, meme coins AMC and GME on Solana surged 16,000% and 3,400%, respectively, this week.
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A seven-figure profit was made in 48 hours trading AMC and GameStop derivatives on Solana, according to Unipics, also known as “Bonk Guy.”
CryptoCaster Quick Check:
What Occurred
Bonk Guy revealed that his investment of approximately $155,000 in trading is now valued at $1.3 million, reflecting an unrealized profit of $1.15 million or a 641% increase. He accrued this wealth by trading AMC and GME meme coins on Solana, emphasizing that the peak period for “meme coin season” has yet to start. Bonk Guy anticipates even more significant gains ahead.
AMC/SOL is up 16,000% this week and is trading at a $17.1 million valuation, according to DEXScreener data. Valued at $117 million, GME has increased 3,400% in just one week.
The weekly performance of larger meme coins, like Dogecoin and Shiba Inu, is significantly behind these two low-cap coins due to their price increases.
Why It Matters: According to Bonk Guy, the stocks will probably keep rising if the story surrounding AMC and GME stays positive. As more retail investors become aware of these platforms, this may draw attention to Solana’s decentralized derivatives.
The trader stresses the significance of cautious entry points in the volatile world of decentralized trading in his closing remarks, which should serve as a warning to anyone thinking about joining the market right now.
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