The meme coin market on Solana is more vibrant than ever as an anonymous trader, known through the Solana wallet 'MNhB', has earned over 840,000 USD simply by creating and trading nearly 18,000 tokens on the Pump.fun platform within 3 months.

Creating Bulk Tokens – A New Money-Making Trick

Pump.fun is a platform that allows anyone to create meme coins for free with just a few simple steps. When a token reaches a market cap of 100,000 USD, it will be traded on decentralized exchanges (#DEX ), and the creator will receive 0.5 SOL (equivalent to 115 USD currently).

Trader 'MNhB' has exploited this system by continuously creating thousands of tokens, hoping one of them will become a 'hit' in the market. 79% of this trader's transactions are profitable, according to data from #GMGN .

A Trade Earning Thousands in Seconds

One of MNhB's most successful trades was with the token Cooker – a meme coin for a cryptocurrency KOL. This trader bought 8,410 USD worth of tokens right after launch, and just two minutes later, the token price increased by 866%, allowing him to sell for a profit of 16,400 USD.

However, this strategy does not always succeed. With the token Rapid Response (RR), the trader took profits early with a 25 USD gain, while this token later rose to a market cap of 7.3 million USD, meaning he lost over 500,000 USD in potential profits.

Creating 200 Tokens Per Day – How It Works

Data from Solscan shows that this trader received 75 SOL (approximately 17,247 USD) from rewards when his token 'graduated'. If calculated from the time of receiving the first reward in November, it can be estimated that MNhB created about 200 tokens per day.

Many people question whether this is an automated trading bot or not. However, according to an anonymous founder of Pump.fun, MNhB's trading behavior seems very human-like, especially in how he catches trends and trades flexibly.

Making Money from Meme Coins – A Trend No Longer Strange

Trader MNhB is not the only one applying this strategy. According to data from Dune, over 100 wallets have created more than 1,300 meme coins on Pump.fun. The second and third wallets have also earned 430,200 USD and 482,300 USD respectively using a similar strategy.

Creating meme coins has become a new profession in the crypto market. With the development of platforms like Pump.fun, making money from #memecoin is no longer just about trading but also a continuous token creation game.