The crypto-trader who created hundreds of tokens each day has been able to earn a decent living. Solana meme coin launchpad Pump.fun.
The Solana wallet is the only means of identification for this trader “MNhB,” During the past quarter, 17,794 tokens have been launched. This has generated more than $844,000 in profit. Dune. Data site: 79% of their trades were profitable. GMGN shows.
Such a thing would have been scandalous in the crypto world just over a year ago—a dev pumping out token after token after token, never spending any amount of time or attention on their creations, and cashing in on each launch as quickly as possible. The Pump.fun meme coin has made it a normal thing to do.
Pump.fun This launchpad allows users to easily create their own crypto-tokens by simply filling in some simple boxes. The user can choose to buy a part of their token so that they can start trading. Trading starts almost instantly, and the token will be listed on the exchange if it reaches $100,000 in market capitalization. “graduate”—meaning it can then be traded outside of Pump.fun on decentralized exchanges. The token creator will be credited if that occurs. Rewarded The 0.5 SOLToday, a pound is worth approximately $115.
The dedicated deployer wants to take advantage of this system. They will reduce the need for trading, by issuing thousands and thousands tokens with hopes that one will be successful. Some have, for the meme coin creator.
As per GMGNThe best investment made by the deployer was a coin called Cooker—a meme coin the trader created that was supposedly meant to Donate a part of the supply To a cryptocurrency influencer with the same name. This wallet was used in the example. “MNhB” The token was launched at $8,410. I bought it and then sold it in three transactions within two minutes, making a profit of $16,400. Within this time period, the token’s value had increased by 86% and reached a valuation of $139,000.
The wallet has a consistent pattern for all launches of tokens that are reviewed. DecryptSometimes, the sale can be made in just seconds.
The dedicated deploymenter’s creation came back and bit him when he tried this strategy. Rapid Response After he made a $25 profit, (RR) soared to a market capitalization of $7.3 million. The trader made more mistakes than Half a million Dollars in profit potential, according to data website Paperhands GM.
The token’s value would not have increased as much if the wallet had not been sold. Ironically, meme traders do not like when token owners still hold a majority of the supply.
According to the data from Solana Block Explorer, this trader also earned 75 SOL worth approximately $17,247 as their tokens graduated and received a reward of 0.5 SOL each time. Solscan. It’s a wallet. The earliest possible reward The wallet received the tokens in November. If it began deploying them around that time, then this means they have created almost 200 tokens per day for a period of three months.
Across the wallet’s entire trading history, it has profited $842,100, primarily from trading its own token launches—with Some normal Early days of coin flipping. As Coinbase Director Conor Grogan Notably, A post about XIt appears that the wallet is inactive for several hours before it launches dozens of new tokens every day. The wallet appears to be controlled by an actual human and not a robot.
PumpFun has a single guy who is responsible for the creation of 18k tokens
The children have been doing this for months. They've done this for months pic.twitter.com/3WdUFewVPh
— Conor (@jconorgrogan) January 29, 2025
“Their activity just seems too ‘human’ based on how they nail coins in current metas and how they go about buying and selling,” Co-founder of Pump.fun is a pseudonym Alon You can tell them by clicking on the link Decrypt.
“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”
The fact that meme coins are generating income for degens is not atypical.
“I would look at creating meme coins and trading them in the same bucket,” Alon said. “Are there people trading memecoins full-time? Yes. Many of them also create coins,” He explained. “But it does seem like there are a few that almost exclusively launch coins.”
Dune Data shows that over 100 wallets launched 1,300 meme coin on Pump.fun. The wallets who have generated the second- and third-most tokens in the platform’s history have gained. $430,200 The following are some examples of how to get started: $482,300 GMGN claims that both wallets behave similarly to MNhB.
A new type of hustle has emerged in the trenches.