The largest cryptocurrency wallet address in the Book of Meme (BOME) universe, famously known as sundayfunday.sol, has caused a stir by magnificently multiplying a $72,000 investment into a staggering $30.2 million windfall within a mere three days.
Initially, sundayfunday.sol, a prominent participant in the BOME pre-sale, allocated SOL 421 (equivalent to $72,000) to secure a position in the altcoin’s pre-sale. This investment yielded an impressive return of 1.43 billion BOME tokens, now valued at approximately $30.2 million.
In a recent development, sundayfunday.sol decided to cash in some of their BOME holdings, selling 190 million tokens through Raydium for 19,646 SOL. This transaction, which now stands at approximately $3.66 million, marks a strategic move amidst the volatile cryptocurrency market.
Despite this significant sell-off, sundayfunday.sol continues to hold a substantial amount of BOME, with current assets estimated at around 1.24 billion tokens, valued at approximately $26.57 million.
This memecoin phenomenon, which emerged just three days ago, is part of the ongoing altcoin frenzy within the Solana ecosystem. However, it’s essential to note that similar memecoin crazes have occurred in the Ethereum ecosystem in the past, raising questions about the longevity of this trend in Solana and the sustainability of memecoins, which typically lack inherent value, in the broader cryptocurrency market.
