- An on-chain analyst, Lookonchain, reports a trader’s staggering 563x gain within five days using BORK.
- BORK has gained attention in the crypto space, transitioning into a Solana validator operator.
- Solana Labs’ co-founder, Toly, acknowledged BORK’s contribution with a light-hearted comment.
According to the latest tweet by on-chain analyst Lookonchain, a trader made a staggering gain of 563x within just five days, making approximately $245,000 with an initial investment of 4 SOL.
The strategic move involved the quick identification of a meme coin named BORK within the first 10 minutes of its listing. Seizing the opportunity, the trader invested 4 SOL to acquire a substantial amount of BORK, totaling 1.2 billion tokens. Subsequently, the trader capitalized on the meme coin’s volatility, selling 888 million BORK for an impressive return of 1,454 SOL.
As of the latest update, the trader still holds 311.4 million BORK, equivalent to 800 SOL, signifying an ongoing engagement with the meme coin. The meteoric rise in value showcases the rise in the value of meme coins in the Solana ecosystem.
Beyond the individual trader’s success, BORK itself has made waves in the crypto space. In a recent tweet, the BORK team proclaimed its commitment to the culture of meme coins while emphasizing its role in securing the Solana network.
Notably, BORK has transitioned into becoming an operator of a Solana validator. The co-founder of Solana Labs, Toly, acknowledged BORK’s contribution with a light-hearted comment, stating, “Network is secured by memes.”
The BORK phenomenon highlights the multifaceted nature of meme coins on Solana. According to the latest data from DEX Screener, BORK is trading at $0.0008119 at press time. BORK is up by 1,166% in the last 6 hours and 34% in the last hour.
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