On-chain monitoring data shows that a new player sensed an opportunity when the market cap of a certain Meme coin "1" rebounded to $9 million. This guy bought 1.54 million tokens in two waves at the high point, spending $137,000. At that time, he directly jumped into the top three holders, looking very confident.

Not long after, the market cap of this coin surged to $16 million. Now, this old buddy has started to realize profits — selling 17.6% of his holdings, earning a steady $97,000, with a return of 71%.

The key is that he still holds 1.27 million tokens worth $19,000, remaining comfortably in the fourth position on the holdings list. He also became the most aggressive buyer in the past 24 hours. But a word of caution: Meme coins rely heavily on market sentiment and hype, with extremely volatile swings, and lack practical use cases. Enter with caution.