News 
January 31, 2025 
3 min. 
The meme coin market has reached a new level following the launch of Pump.fun on Solana. Thanks to this dApp, anyone can launch their own memecoins easily and, with some skill, make their first million. However, the proliferation of meme tokens has led analysts and critics to consider a prolonged memecoin season. Additionally, they have declared the end of the altcoin season due to the sheer number of new tokens in the market today, surpassing 30 million.
In this new reality, some traders have discovered a new way to profit from what were once highly questioned memecoins.
Trader Made $1 Million in Three Months with Memecoins
A cryptocurrency trader has made significant profits by creating and launching thousands of memecoins on Solana’s Pump.fun platform. Identified by the wallet “MNhB,” the trader has created 17,794 memecoins over the past three months, accumulating over $840,000 in profits.
Pump.fun allows any user to create tokens for free. Once created, tokens can be traded immediately. If a token reaches a market capitalization of $100,000, the platform considers it “formed,” meaning it can be traded on decentralized exchanges outside the dApp. In such cases, the creator receives a reward of 0.5 SOL, equivalent to about $115.
The trader “MNhB” adopted a strategy of launching multiple tokens daily, aiming for some of them to achieve significant appreciation. According to the GMGN website, they made a profit on 79% of their trades. One of their most profitable operations involved the token “Cooker,” in which they invested $8,410 at launch and sold in three transactions less than two minutes later, securing a total profit of $16,400.
Conor Grogan, a director at Coinbase, analyzed the activities of the “MNhB” wallet and noted that the pattern of token creation and trading suggests manual operation. He pointed out periods of inactivity, indicating the absence of full automation. He commented: “I don’t think it’s a bot, given that it’s inactive at certain times! Maybe a bot working alongside a human(s).”
The strategy adopted by “MNhB” highlights the profit potential in the memecoin market but also underscores the risks associated with investing in newly created tokens. Investors are advised to proceed with caution and conduct thorough research before engaging in this segment of the crypto market.
