The post Crypto Trader Turns $332 Into $190K on Gooncoin as Solana Meme Coins Get Hot Again appeared on BitcoinEthereumNews.com.

In brief One trader turned a $332 investment into approximately $190,000 trading Gooncoin. The token launched on the rebranded Believe App via its X reply “Launch Coin” mechanism. Gooncoin is now trading at a $54.6 million market cap, up 70,000% in the last 24 hours. A Solana meme coin trader turned $332—or less than 2 SOL at the time—into nearly $190,000 by trading a newly launched meme coin called Gooncoin over the past 24 hours.  The GOONC token was introduced late Monday night via Believe App’s “Launch Coin” mechanism, which allows any X (formerly Twitter) user to create a Solana token in a post that tags the Launch Coin account. Since debuting, the token has skyrocketed 70,000% to a $54.6 million market cap.  Within minutes of Gooncoin’s start, a trader with the Solana address beginning in “BdjSZ” purchased more than 8 million GOONC tokens for just 1.97 SOL, or around $332. Less than 24 hours later, that account has slowly clipped away its GOONC stack, frequently selling batches of tokens for between $1,600 and $3,500—and locking in nearly $190,000 in profits in the process.  Discourse around the meme coin—which refers to a slang term for “chronic and compulsive masturbation” according to Urban Dictionary—continues to pick up steam on X, where some users are likening it to other absurd meme coins like Fartcoin.  “Fartcoin is for TradFi bros, Gooncoin is for zoomers,” an X user posted, while another lamented attending university when they could have just bought Fartcoin and Gooncoin instead.  The token’s sharp rise in a short period of time has led to a host of lofty profit-and-loss numbers, according to data from DEX Screener.  In addition to “BdjSZ,” at least three other wallets purchased less than $500 worth of GOONC tokens and have more than $50,000 in realized…

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Filed under: News - @ May 14, 2025 7:25 am