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Alright, meme coin fans, buckle up! There’s a new legend in the land of degens. A crypto trader who cracked the code to meme coin riches by launching over 17,000 tokens in just 90 days. Yup, you read that right. A casual 200 tokens a day, and a hefty $840K later, this anonymous hero of volatility is laughing all the way to the (decentralized) bank.
Meet the Deployer Extraordinaire
Our meme mastermind, known only by their Solana wallet handle “MNhB,” has been on an absolute tear through Pump.fun, the Solana meme coin launchpad. Picture this: day after day, they’re dropping tokens like mixtapes, hoping one hits that viral sweet spot. And boy, have they nailed it, profiting on 79% of their trades.
If the crypto markets are a casino, this trader is counting cards.
Pump.fun: The Meme Coin Factory
For the uninitiated, Pump.fun is the Willy Wonka factory of meme coins. It lets anyone spin up their very own token, at zero cost. All it takes is filling out a few fields, and voilà! You’re a meme coin creator.
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If your coin pops off and hits a $100K market cap, it “graduates,” meaning it can be traded on other decentralized exchanges. As a reward, creators pocket 0.5 SOL per graduation (about $115 at today’s prices). For MNhB, that’s been another steady side hustle, with 75 token graduations raking in an extra $17K in SOL.
Cooker Coin: A Masterclass in Meme Flipping
One of MNhB’s juiciest plays was a token called Cooker, created to honour a crypto influencer by the same name. In a matter of minutes, MNhB pulled off a clean $16,400 profit by buying in early and dumping their bags after a brief 866% pump. The token’s market cap ballooned to $139K before anyone could say, “wen moon?”
But not every flip ends in confetti. On one occasion, MNhB let go of a token called Rapid Response for a mere $25 profit, only to watch it soar to a $7.3M market cap afterward. That’s what we call a certified Paperhands GM moment, folks – half a million dollars left on the table. Oof.
Why Dumping = Good Vibes in Meme Land
In the wild world of meme coins, nothing is ever as it seems. Case in point: a dev dumping their bags is considered… bullish?! Yup, traders see it as a sign the creator won’t rug-pull. After all, who wants to invest in a coin where the deployer is still hoarding half the supply? Degens love their liquidity, baby.
Is It a Bot? Nah, It’s Just DeFi Degens Being Degens
With this level of activity, you might think there’s a bot running MNhB’s wallet. But nope! According to Coinbase Director Conor Grogan, this deployer’s habits are suspiciously human. They take regular breaks and seem to ride the latest meme coin “metas” like a pro. Even Pump.fun’s co-founder, Alon, agrees:
“Coin creation might be automated, but the profit-taking? Definitely human.”
And here’s the kicker – MNhB isn’t the only one gaming the system. Over 100 other wallets have launched more than 1,300 meme coins on Pump.fun. The next two top deployers? They’ve racked up $430K and $482K in profits, respectively, using the same rinse-and-repeat strategy.
What’s the Lesson Here?
Meme coins are still the wild, wild west of crypto, where fortunes can be made or fumbled in seconds. It’s a world where degens don’t just trade. They build, launch, and flip their way to financial freedom (or ruin).
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So, if you ever get tired of chasing pumps on the latest dog-themed coin, maybe it’s time to become the creator instead. Just make sure your reflexes are sharp, you never know when you’ll need to paperhand for survival or diamond-hand for glory.
In meme land, the only certainty is the next pump. Stay degen, my friends.
