Not everything that shows up in a whale wallet is a signal

This weekend, some creative individuals managed to turn 0.303 SOL into hundreds of thousands of dollars. Kyrgyz blogger Misha Juhovitskiy revealed their strategy in a small investigation.

Here’s a summary:

• He identified a wallet that received the largest amount of TRUMP tokens (800 million tokens).
• He checked which other tokens were held in this wallet.
• He analyzed the market data for those tokens.
• He discovered that some of them were brand-new, created on the same day as TRUMP, and sold on DEXs for hundreds of thousands of dollars.

What does this mean?

• Many traders follow whale wallets to replicate their portfolios.
• The wallet holding 800 million TRUMP tokens attracted attention, and people monitored its transactions. But incoming transfers in a whale’s wallet aren’t always the result of whale’s purchases. It’s likely that token creators sent 183 freshly minted tokens to this address themselves to attract attention from those tracking it.
• It paid off: tokens like XCommunity and NGNF were traded for hundreds of thousands of dollars within 24 hours.

Their creators rode the TRUMP token hype, earning six figures by spending just a few minutes and 0.002 SOL to launch their tokens, 0.001 SOL to send them to a whale’s address, and 0.3 SOL to list them on a DEX.

This demonstrates why Solana is surging: its ecosystem lets you turn 0.303 SOL into a fortune.

Got a meme token idea? You’ll need $SOL. Despite Solana network congestion, you can still swap any cryptocurrency for $SOL on rabbit.io.