By creating hundreds of currencies every day on Solana image gold rocket Pump, a bitcoin trader has been able to make quite a good living. joy.
The trader, identified only by their Solana wallet” MNhB“, has profited more than$ 840, 000 by launching 17, 794 tokens over the last three months, according to available data on Dune. They’ve been prosperous on 79 % of those deals, information webpage GMGN shows.
A programmer pumping out key after sign after sign, not giving any thought to their creations, and cashing in on each release as quickly as possible would have been scandalous in the bitcoin world only over a year ago. However, it is currently standard practice on Pump, a meme-centric utopia. joy.
Pump. Anyone can create a blockchain token using Fun’s launcher, which is free to use, by simply filling in a few basic boxes. Customers can choose to buy a piece of the key source they created so they can trade the key. Trading begins nearly instantaneously, and if the token reaches a$ 100, 000 market cap, it will “graduate” —meaning it can then be traded outside of Pump. entertaining on distributed markets. If that happens, the key father is rewarded with 0.5 Solar, for approximately$ 115 today.  ,
Our dedicated deployer is looking to play this technique, reducing their want to trade by launching dozens of currencies and hoping that one succeeds. And for this joke gold inventor, some have.
The dedicated deployer’s second best industry, according to GMGN, was on a joke gold called Cooker, which was meant to allegedly contribute a portion of its source to a blockchain influencer by the same name. In this case, the bag” MNhB” bought$ 8, 410 of the key at establish and sold it via three purchases less than two hours later, profiting$ 16, 400 in full. In this time, the token had skyrocketed 866 % to a market cap of nearly$ 139, 000.
On all key launches reviewed by , the wallet adheres to this pattern, which the wallet follows, with some instances selling in a matter of seconds.  ,
This strategy isn’t always the most profitable, though, and came back to bite the dedicated deployer when his creation Rapid Response ( RR ) skyrocketed to a$ 7.3 million market cap after he sold for$ 25 profit. According to data site Paperhands GM, the trader fumbled more than$ 500,000 in potential profit as a result.
It’s worth noting, nevertheless, that the token probably doesn’t had increased in value as quickly if the budget hadn’t sold. Meme penny traders don’t like it when a key deployer also owns a huge portion of the total provide, so a programmer dumping is, unfortunately, bullish in meme land.
According to data on Solana stop explorer Solscan, this seller has even received 75 SOL, or around$ 17,247, as a result of their tokens finishing and receiving a 0 Solar reward each time. Since the wallet’s initial reward was in November, it would mean that the wallet has generated nearly 200 tokens per day for the previous three months if it started deploying them.
Across the wallet’s entire trading history, it has profited$ 842, 100, primarily from trading its own token launches—with some normal meme coin flipping in its early days. According to Coinbase Director Conor Grogan, the wallet appears to be inactive for hours before launching dozens of tokens every day in a post on X. This suggests that a human user is in charge of the wallet, not a bot.
One guy is in charge of the 18k tokens that are created on PumpFun.
They appear to wake up and produce on average a dozen tokens every hour before going to bed, and then repeat it every day. They’ve done this for months pic. twitter.com/3WdUFewVPh
— Conor ( @jconorgrogan ) January 29, 2025
Based on how they nail coins in the most recent metas and how they go about buying and selling, Pump, they just seem to be too “human.” fun’s pseudonymous co-founder Alon told .
” 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”, he said.
This opens a window into another method of degenerating money on meme coins, which doesn’t seem unusual.  ,
Alon said,” I would consider making meme coins and trading them in the same bucket.” ” Are there people trading memecoins full-time? Yes. Many of them also create coins”, he explained. However, it appears that there are a few who almost exclusively launch coins.
According to Dune data, over 100 wallets have launched more than 1, 300 meme coins on Pump. fun. The wallets that have created the second and third most tokens on the platform have profited$ 430, 200 and$ 482, 300 respectively, according to GMGN, both displaying similar behavior to the MNhB wallet.
The trenches have found a new hustle.
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