A cryptocurrency trader known as “Mnhb” has earned over $ 840,000 by launching 17,794 Solana meme coins on Pump.Fun in just three months.
Instead of focusing on the creation of strong projects, the developer follows a quality approach on large quality, launching hundreds of new tokens per day, in particular on Solana and collecting the initial hype before most of them turn off.
This strategy can be profitable for them, but dilutes liquidity and floods the market with low quality token, making it more difficult for legitimate projects thrive. In the long term, this only weakens the cryptographic space.
The new money gain method with money with pump.fun
Pump.fun makes the launch of meme coins on Solana without effort, allowing anyone to create tokens for free with a few clicks. If a token reaches a market capitalization of $ 100,000, it “graduates” and can be exchanged outside the platform, rewarding the creator with 0.5 Sol ($ 115).
Mnhb Spams the platform, launching token in bulk and downloading them in a few seconds or minutes to block the profits before they crashed. Over time, these rapid launches (75 Sol / $ 17,247 in total) have turned into a highly profitable strategy.
There is a guy responsible for ~ 18k token created on Pumpfun
It seems that they wake up and create a dozen token on average per hour until they go to bed, and then they do it again, every day. They did it for months pic.twitter.com/3WDUFEWVPPH
– Conor (@jconogrogan) January 29, 2025
However, the strategy is not perfect. On Rapid Response (RR), the trader sold too early, blocking a profit of only $ 25, just to look at the coin to a market capitalization of $ 7.3 million, a lost opportunity for a value of over $ 500,000.
The launch of meme coins no longer consists in finding the next great success: it is about creating as many tokens as possible and collecting before they will disappear. Dune data show that over 100 wallets have launched over 1,300 token on Pump.fun.
The second and third most active traders have earned $ 430,200 and $ 482,300, showing that this is not a one -off success.
The problem with the quantity compared to quality: the meme coins market is saturated
The game of meme has changed. Instead of launching existing tokens, traders are now producing coins in series, knowing that most will fail, but some will generate great returns. This high -speed high -volume approach is now an important trend in the trade of meme coins, for better or for worse.
(Mnhb Pump.fun page)
You can check the account yourself: almost a new launch every minute! Despite having launched hundreds of token a day, Pump.Fun Alon co-founder suggests that Mnhb is probably a human trader, not a bot.
While token launches can be automated, their profit follows the Hype cycles, indicating that someone is manually making decisions.
The market is saturating with Solana meme coins and we have witnessed how rapid rotations to “advertised” names can lead to enormous losses for some traders.
Explore: it’s all over for Ethereum: Solana dominates while Eth/BTC affects the minimums of 3 years
Join 99 bitcoins news discord here for the latest market updates
The post -pump meme coins factory. Fun: Trader gained $ 840k by launching 17,000 tokens in 3 months appeared for the first time on 99 bitcoins.