Solana Meme Coin- How to Profit from Meme Coins: Lessons from a Solana Trader’s Success
Solana Meme Coin– A crypto trader has found a lucrative way to make money by launching thousands of tokens daily on Solana’s meme coin launchpad, Pump.fun.
Profiting from Mass Token Creation
Identified only by their Solana wallet address “MNhB,” this trader has made over $840,000 in the past three months by deploying 17,794 tokens, according to Dune data. Their strategy has resulted in a 79% success rate, as reported by GMGN.
A year ago, such a method would have been controversial—developers mass-producing tokens, spending little to no time on them, and cashing out almost instantly. However, on Pump.fun, this has become a common practice.
How Pump.fun Makes This Possible
Pump.fun is a launchpad that enables anyone to create a token at zero cost by simply filling out a few forms. Once created, users can purchase a portion of their own token supply to trade. If a token reaches a $100,000 market cap, it “graduates” and becomes tradable on decentralized exchanges. When this happens, the creator is rewarded with 0.5 SOL, worth around $115 today.
The Strategy Behind the Profits
The trader behind the MNhB wallet aims to game the system by launching thousands of tokens and hoping that a few take off. This approach minimizes the need for active trading, allowing the trader to rely on sheer volume.
According to GMGN, their most profitable trade was on a token named Cooker, allegedly designed to donate a portion of its supply to a crypto influencer with the same name. The wallet purchased $8,410 worth of the token at launch and sold it in three transactions within two minutes, securing a $16,400 profit as the token surged 866% to a market cap of nearly $139,000.
This pattern is evident across multiple launches reviewed by Decrypt, with tokens often being sold within seconds of creation.
Missed Opportunities and Risks
Despite the impressive profits, this strategy is not foolproof. The trader made a significant misstep with Rapid Response (RR), selling early for a mere $25 profit before the token skyrocketed to a $7.3 million market cap. This move cost the trader over half a million dollars in potential gains, according to Paperhands GM.
However, the token’s surge might not have happened had the trader held onto a large portion of the supply. In meme coin trading, developers selling their holdings can be perceived as bullish, encouraging more buyers to enter the market.
Rewards from Graduated Tokens
Beyond direct trading profits, this trader has earned 75 SOL (approximately $17,247) from tokens that graduated on Pump.fun. Since their earliest reward was recorded in November, this suggests an average of nearly 200 tokens launched daily over three months.
A Human or a Bot?
Despite the high volume, Coinbase Director Conor Grogan believes the trader is human rather than a bot, pointing to activity patterns that show breaks between launches.
Pump.fun’s pseudonymous co-founder Alon echoed this sentiment, telling Decrypt:
I’d be tempted to say that it’s human activity. [It] could be a mix, e.g., coin creation is automatic but profit-taking is human.
The Broader Trend
This approach is not unique to the MNhB wallet. Dune data shows that over 100 wallets have launched more than 1,300 meme coins on Pump.fun. The second and third most prolific token creators have earned $430,200 and $482,300, respectively, following similar trading patterns.
I would look at creating meme coins and trading them in the same bucket, Alon said. Are there people trading meme coins full-time? Yes. Many of them also create coins.
Pump.fun and similar platforms have reshaped the way meme coins are created and traded, turning mass token deployment into a profitable venture. While this strategy comes with risks, for those who master it, the rewards can be substantial.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.
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