A person with the deal with shatter.sol purchased the BOME meme token on the Solana community and earned over $100,000 in a day however missed $1 million revenue.
In keeping with Lookonchain on-chain knowledge, on March 13, the dealer bought 170.25 million Ebook of Meme (BOME) for 50 Solana (SOL), which was price $8,500 on the time of the transaction. The subsequent day, the dealer offered the belongings for 767 SOL, which was price round $130,000.
A day later, in accordance with CoinMarketCap, the token fee elevated from $0.00005 to $0.00671 – by nearly 600%. Doubtlessly, shatter.sol may have earned round $950,000 if it offered cash at this worth, Lookonchain notes.
![Solana trader misses $1m profit from new BOME meme coin - 1](https://crypto.news/app/uploads/2024/03/Screenshot-2024-03-15-at-17.09.24-1024x611.png)
The group was divided, with one person deeming the deal “fumbled generational wealth,” whereas one other mentioned, “revenue is revenue.”
Crypto influencer Elja drew consideration to different speculations with BOME. An unknown individual bought 5.5 billion meme tokens for round $71,500 price of SOL. Inside a number of days, these belongings became $5.7 million.
One other X person, underneath the nickname Sunday Funday, reported the acquisition of BOME for the same quantity in SOL.
In March, elevated community exercise on Ethereum amid the recognition of meme cash led to a rise in charges to a two-year excessive. Through the interval from March 2 to March 9, the amount of transaction charges on the mainnet reached $193 million.
Launched in late 2023 forward of the crypto bull run, new meme cash are producing important returns for early buyers. In keeping with Lokonchain, a dealer may have earned greater than $23 million on the little-known Dogwifhat (WIF) token if he had not offered it earlier than the bull run started. As a substitute, the dealer offered $142,000 price of cash.