Solana (SOL) Memecoin Millionaires Shift Profits to New Altcoin with Potential 100x Growth
Three investors who struck gold with Solana-based memecoins have all redirected their profits into an enticing new altcoin during a presale event. Early predictions from crypto analysts suggest this hidden gem could be about to go on a 100x run as it changes the status quo of a trillion-dollar industry. Let's take a closer look at this new project and why these memecoin millionaires are betting big on it.
Solana has risen from the ashes of the 2022 bear market to become one of the fastest-growing blockchain networks. The Solana price has pumped from below $10 at the start of 2023 to a recent peak of $120 as the platform gains traction with developers and investors alike.
However, a surprising trend has emerged within the Solana community — memecoins. These whimsical altcoins were previously erc-20 tokens on the Ethereum network, but with high gas fees and slow transaction speeds, Solana has become a preferred choice for these projects.
Purchasing $10 worth of a memecoin on Ethereum can make it possible to profit as the fees can be worth more than the investment amount. However, on Solana, the transaction fees are a fraction of a cent, making it more profitable to trade these memecoins.
BONK was the first Solana memecoin to run up in price, which rose 140x from $0.000000250 to $0.000035000 in just two months. Millionaires were created overnight as the Solana mascot became a viral sensation.
The liquidity soon spilled over to other Solana memecoins, with the likes of SILLY, WIF, and HONK all experiencing triple-digit gains. Notably, WIF reached a market cap of $460 million as the community loved creating memes and puns around the concept of the cute dog wearing a hat.
But what sets Solana memecoins apart from other cryptocurrencies is their communities. These projects have passionate and dedicated followers who actively create content, drive adoption, and constantly engage with each other on social media platforms.
Those who made life-changing gains aren't resting on their laurels and are constantly looking for the next big thing. One new altcoin is starting to appear in the portfolios of these memecoin whales — Pullix, the hybrid exchange.
Pullix is a hybrid exchange that combines the security of DeFi with the liquidity and user-friendliness of CeFi. This approach is poised to solve some of the most pressing issues facing crypto traders today — high fees, slow transaction speeds, security concerns, and liquidity issues.
Pullix tackles the liquidity issue with a revenue-sharing model that pays those who provide liquidity to the platform. But that's just the start, as Pullix will work with bank-grade liquidity pools and process orders off-chain to ensure fast trading speeds.
It's worth noting that Pullix offers more than just cryptocurrency, so the scope of its user base is much wider than that of Binance. Users can trade traditional assets like stocks, commodities, forex, and ETFs via an anonymous account.
Pullix introduces a suite of advanced trading tools powered by the latest advancements in artificial intelligence (AI) and machine learning. These tools offer deep market insights, predictive analytics, and automated trading strategies that help even the most inexperienced traders be profitable.
Memecoin traders who are good at spotting where attention is going have already taken notice of Pullix. The $7.2 million raised during the ICO suggests that the community welcomes the hybrid exchange with open arms.
PLX tokens have grown 250% from the start of the presale to a current price of $0.14 today. It's worth mentioning that Pullix is in the last stage of the presale, so this price is the final opportunity for investors to get in before the token hits exchanges.
With a hybrid approach and revenue-sharing model, Pullix stands to challenge established exchanges like Binance and Coinbase. This could result in 100x gains for early investors, similar to what we've seen with BONK and other Solana memecoins this year.
For more information regarding Pullix’s presale see links below: