- A Solana wallet named w3rE earned $93,780 in just three weeks by launching Moonpig, a meme coin that briefly hit a $125 million market cap.
- Despite creating over 320 low-cap tokens, another wallet, G9FyS, still managed to earn $73,300 from the pump. fun.
A Solana meme coin creator has made $93,000 from creating a token on Pump.fun. This success showcases the growth and popularity of Solana and the viral nature of meme coins in the crypto space.
Solana’s fast and affordable platform, Pump.fun, has recently been in the spotlight for memecoin trading. The launchpad recently added a new feature to its memecoin trading that allows token creators to earn money every time someone trades their coin.
How Token Creators are Earning From Solana
Ever since this update launched, a coin creator has earned about $93,780 in three weeks. The wallet, labelled as w3rE (for short), has been linked to the Moonpig token, which reached a $125 million market cap last month before dropping to around $35.8 million.
According to data from Dune Analytics, the recently launched platform has given out over $2.9 million to token creators in just a few weeks, and w3rE stands as the highest earner so far. The success of the Moonpig project came from the massive promotion James Wynn (another prominent figure in the crypto space) gave.
As Moonpig’s value continued to rise, the creator kept earning passive income. W3RE literally makes 0.05% of the swapped SOL every time someone trades the token. With daily trading volumes crossing $19 million, the earnings added up fast, reaching about $9,566 in one day alone.
Interestingly, w3rE has only launched two tokens besides Moonpig, but they did not attract much attention or trading activity. On the other hand, another top-earning wallet, named G9FyS (for short), took a completely different approach with his launch. G9FyS created over 320 tokens, often with repeated names like Moontrump, Solana Doge, and Yeezy Coin. And although no single one reached $10,000 In market cap, he has still managed to earn $73,300 from launching many tokens and earning from each one.
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