The New Solana meme coin Pochita captured headlines after new values skyrocketed in weeks, and even a small investment turned into a fortune. Indeed, the Pochita coin was introduced after the acceptance of a new dog called Pochita based on the meme-famous dog from Solana’s BONK coin. Before long, meme coins were popping left and right, but one coin would stand out and capture traders’ attention.
Crypto traders, often called “degens,” were fast to get a piece of the action, and one trader identifiable only by their wallet address, “AjwF,” made an early bet on the New Solana meme coin Pochita. AjwF bought a minute after the token had launched on Pump, just for 1 SOL, which amounted to about $140 at the time, making it the 19th buyer. This time, although he had spent money on two other Pochita-themed coins before, which gained no popularity at all, the trader hit the jackpot.
Within a day, this New Solana meme coin Pochita saw explosive growth, turning the $140 wagered by AjwF into an incredible $450,000. Curiously, despite such a mega-profit, AjwF has only withdrawn $450 worth of tokens and still holds 2.18% of the total supply of Pochita, making it the biggest holder. As the market cap of Pochita increased overnight to $22 million, other early investors sold their tokens at such a price when the hype was on; AjwF, however, held firm.
New Solana meme coin Pochita is explosive at its launch, but was there any insider trading?
Blockchain analysis firm Bubblemaps didn’t find any indication of insider trading from the early buyers. Pochita, the New Solana meme coin, wasn’t being manipulated by an insider. Market cap peaked at $35 million and declined by 45%. As expected in the volatility that characterizes memes, the market cap shrank to this level. AjwF chose to stay and distribute his funds across several wallets. Just like the moo deng millionaire of the meme coin, AjwF held and distributed his funds into the various wallets.
While meme coins like the New Solana Meme Coin Pochita look explosive, they are TOTALLY RISKY. Recently, Dallas Mavericks owner Mark Cuban weighed in on meme coins saying they were “fun” but “really darn risky,” noting that it’s “a rug pull in the works.” Yet the hype is so sensationalized that traders continue to flood meme coins. The unpredictability of these investment products is best exemplified by the price rally of Pochita and the other Solana meme coins like BONK and WIF during October.
AjwF will remain in the hearts of every trader because, as more attention is brought to the New Solana meme coin Pochita, they watch for the possibility that AjwF will cash out or ride the wave to find another peak for the value of his tokens.
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