BlockBeats News, May 9th, according to GMGN monitoring, Solana's veteran Meme coin aura saw a 600% surge in a single day, with its market value skyrocketing from a low of $8 million to $63 million. The trader with the highest profit in this round of trading (9MUN) has unrealized gains of $330,000, about 66 times the initial investment.
This trader had bought in back in June of last year, before the main uptrend of aura started, investing $5,000 when the market value was $890,000. The market value then skyrocketed to $236 million within a few days, reaching a peak unrealized gain of $1.25 million, approximately 250 times the initial investment, but did not take profits and later saw a significant retracement of gains. Today, this address is taking profits for the first time since entry, cashing out about 7% of the holdings.
It is reported that this round of gains was triggered by a meme image posted on Binance's official Twitter this morning with the caption "aura maxxxxing," which immediately sparked a surge in the on-chain Meme coin of the same name on Solana.
BlockBeats reminds users that Meme coin trading is highly volatile, largely driven by market sentiment and hype, with no real value or use case. Investors should be aware of the risks.
