Unprecedented Gains: Solana Memecoin Turns $321 into $2.18 Million in Just 11 Days
A recent report from blockchain analytics platform Lookonchain has revealed a remarkable story of a trader who turned a modest investment of $321 into a staggering $2.18 million in just 11 days. This unprecedented gain was made possible through the trader’s early accumulation of a Solana-based memecoin known by its ticker “114514”. The trader, whose wallet is dubbed 8BGiMZ, collected approximately 45.58 million tokens through a series of small swaps, with individual purchases often costing less than a few dollars worth of SOL.
The on-chain data suggests that the trader started accumulating the tokens early on, well before the sharp price rise. Screenshots from decentralized exchange trackers show a long period of flat trading followed by a sudden vertical move as buying pressure increased. Within hours, the token’s price exploded, driving its fully diluted value to nearly $50 million. Data from Dexscreener illustrates the extent of the rally, with the memecoin rising by almost 700% and trading volume reaching over $20 million within 24 hours.
From Flat Trading to 700% Surge
The sudden price increase was driven by increasing volume and liquidity, with thousands of new wallets entering the market. Despite the eye-catching gains, the episode highlights the extreme risk involved in memecoin trading. While early buyers can achieve above-average returns, such moves often depend on timing, social dynamics, and low liquidity. Late entrants are often unprotected when early holders begin to exit. So far, there is no clear evidence that the trader behind 8BGiMZ has sold a significant portion of the inventory, with on-chain records showing no large outbound transfers.
The case of the Solana memecoin is not an isolated incident, as the meme coin dominance has rebounded from historic lows as risk appetite returns. Tokens like PEPE, BONK, and FLOKI have led the rally with strong double-digit gains, igniting debate over whether the move reflects short-term speculation or is an early signal of a broader altcoin rotation. Market data shows the shift is significant, with meme coins having fallen from around 11% of the total altcoin market at the end of 2024 to just over 3% in December 2025.
Meme Coin Dominance Rebounds from All-Time Lows
Recent data from Santiment and CoinGecko suggests the sector was up more than 20% in early January, with increasing volume and renewed wallet activity suggesting risk appetite is returning faster than expected. Unlike previous cycles, the current rebound also has a regulated angle, with leveraged memecoin ETFs, including Dogecoin-pegged products, attracting strong demand and expanding meme exposure beyond crypto-native traders. As the sector diversifies into topics like PolitiFi and AI memes, its resurgence is increasingly influencing exchange listings, fund strategies, and the broader structure of the altcoin market.
For more information on this story, visit Cryptonews. The original article provides a detailed analysis of the Solana memecoin’s price movement and the broader implications for the meme coin market.
