My Personal Journey: Making (and Losing) a Fortune in Solana Memecoins
I never thought I’d make — or lose — so much money so quickly. It started with a tweet, some random post about BONK back when it was still a joke among insiders. I had dabbled in crypto before, but Solana memecoins? That was a different beast. The promise was simple: buy early, hold through the chaos, and sell before everyone else does. It sounded easy, and at first, it was.
The First Big Win
My first real win came with WIF (dogwifhat). I saw the memes, the growing engagement, and decided to go all in with a few hundred bucks. Days later, my phone wouldn’t stop buzzing — WIF was pumping. The charts were vertical, my balance was up 10x, and the euphoria was intoxicating. I doubled down, thinking I had cracked the code. I started following whale wallets, tracking new launches, and hopping into Telegram groups looking for the next big one.
Then I discovered Pump.fun, and that’s when things got crazy.
Pump.fun and the Casino Effect
Pump.fun is basically the slot machine of Solana trading. You see a new coin launching, you jump in, and if you’re lucky, you sell before it rugs or dumps. I turned $500 into $5,000 in a single night, flipping random coins that barely had a meme behind them. The high was unreal. I wasn’t just making money — I was printing it.
At my peak, my wallet had more than six figures. I started fantasizing about quitting my job, moving to a tropical island, and trading memecoins full-time. The market felt easy, predictable. I thought I was a genius.
The Fall
Then came the losses. I had become too greedy, too confident, convinced that I could spot the next 100x every time. I aped into a coin launched by a so-called influencer dev, thinking it was a safe bet. Within minutes, the liquidity was drained, and my entire position was worth nothing. It was a classic rug pull, and I had just been the exit liquidity.
I told myself I’d recover, that I just needed one more win. But the market had changed. New coins were dumping faster, sentiment was shifting, and my luck had run out. I went all-in one last time, desperately chasing a comeback. Instead, I watched my balance drop to nearly zero.
Lessons Learned
I sat there, staring at my empty wallet, realizing I had fallen into the same trap as every degen before me. The casino doesn’t care how much you won yesterday — it only takes what you’re willing to bet today.
I had learned the hard way that memecoins aren’t investments — they’re high-stakes gambling wrapped in digital culture. The people who truly win are the early insiders, the devs, and the ones who know when to walk away.
Would I do it all over again? Probably. But next time, I’d take profits, set rules, and never let greed take over. Because in the world of Solana memecoins, you either cash out early or become someone else’s exit liquidity.
