$SOL According to data from on-chain analyst @ai_9684xtpa, a "smart money" address (smart money) known for a history of earning 17.3 million USD from meme coins like $TRUMP , MELANIA, LIBRA has just successfully executed a transaction with BOOP – the main token of the platform for launching new meme coins on Solana.

Transaction Details:

  • Initial capital: 2,500 SOL (equivalent to ~377,000 USD).

  • Purchase price of BOOP: ~0.07115 USD/BOOP.

  • Purchase timing: When BOOP's market cap is around ~70 million USD.

  • Current profit: ~600,000 USD (up 159%).

Why is this transaction noteworthy?

  1. Early Bird Strategy:

    • This smart money bought BOOP as soon as the token launched, taking advantage of low liquidity and cheap prices.

  2. Success History with Meme Coins:

    • This address once made a profit of 17.3 million USD from meme coins related to Trump (TRUMP, MELANIA) and the LIBRA project.

  3. BOOP Has Potential to Continue Rising:

    • The boop platform developed by dingaling (former CRO of Binance & founder of PancakeSwap) has an attractive staking mechanism.

    • If BOOP attracts more quality meme coin projects, the price could rise even further.

Risks to Consider:

  • High volatility: Meme coins like BOOP can drop in price quickly if they fail to maintain hype.

  • Smart money may take profits: If this address sells off, the price of BOOP could drop suddenly.