Trader Makes $2M In 22 Days Off Solana-Based SILLY, 'Highest Cap Dragon Coin Going Into 2024' Analyst Says
Portfolio Pulse from Khyathi Dalal
A trader turned 1.5 SOL into $2 million in 22 days by trading Silly Dragon (SILLY), a new Solana-based memecoin. SILLY, launched by Solana's cofounder on Halloween, has no transaction tax and a burnt liquidity pool for fairness. It's gaining attention as the 'highest cap dragon coin' ahead of 2024, the year of the dragon. SILLY's price peaked at $0.1474, up 135% since its opening, but recently fell 6.3% with a market cap of $140 million.
December 28, 2023 | 5:30 pm
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NEUTRAL IMPACT
Solana's SOL was used by a trader to purchase SILLY, leading to a significant profit. SILLY's performance and association with Solana could influence SOL's perception and demand.
While the article highlights a successful trade involving SOL, it does not directly indicate a change in Solana's fundamentals. However, the success story could lead to increased interest in SOL and its ecosystem, potentially affecting its price positively in the short term. The impact is not guaranteed, hence the neutral score.
CONFIDENCE 70
IMPORTANCE 40
RELEVANCE 50