Another 100x meme coin story has emerged, but what’s really worth paying attention to isn’t how much was made—it’s how the trader got in.
According to on-chain analyst Ai Yi, the Solana address Bgcek…cKhQF invested $849 to buy $Kimchi when its market cap was just $85,700. Later, when the market cap climbed to $35.5 million, the trader added another $160, bringing the total investment to about $1,009.
The address has now sold half its tokens, locking in about $111,000 in profit. The remaining holdings have about $162,000 in unrealized gains, bringing total returns to roughly $273,000—a gain of more than 26,000%.
The key takeaway from this trade isn’t just that the trader picked a winning meme coin, but that they got in before the project attracted much market attention. Chasing it after its market cap reaches tens of millions of dollars carries very different risks from getting in early.
Of course, success stories involving savvy on-chain traders tend to spread more readily, while losing trades may get little attention. A profitable wallet doesn’t mean ordinary traders can replicate the same entry costs and exit prices, and unrealized gains on remaining holdings aren’t the same as profits already locked in.
Meme coins can make people rich overnight, but they can also quickly become worthless when liquidity dries up. It’s worth studying how early money positions itself, but blindly following trades often means being left holding the tokens after someone else has cashed out.
According to on-chain analyst Ai Yi, the Solana address Bgcek…cKhQF invested $849 to buy $Kimchi when its market cap was just $85,700. Later, when the market cap climbed to $35.5 million, the trader added another $160, bringing the total investment to about $1,009.
The address has now sold half its tokens, locking in about $111,000 in profit. The remaining holdings have about $162,000 in unrealized gains, bringing total returns to roughly $273,000—a gain of more than 26,000%.
The key takeaway from this trade isn’t just that the trader picked a winning meme coin, but that they got in before the project attracted much market attention. Chasing it after its market cap reaches tens of millions of dollars carries very different risks from getting in early.
Of course, success stories involving savvy on-chain traders tend to spread more readily, while losing trades may get little attention. A profitable wallet doesn’t mean ordinary traders can replicate the same entry costs and exit prices, and unrealized gains on remaining holdings aren’t the same as profits already locked in.
Meme coins can make people rich overnight, but they can also quickly become worthless when liquidity dries up. It’s worth studying how early money positions itself, but blindly following trades often means being left holding the tokens after someone else has cashed out.