Opinions within the crypto community diverged sharply following a missed opportunity by a trader who passed on the chance to transform an $8,000 investment into approximately $1 million. The individual, known by the wallet address “shatter.sol,” had purchased a newly launched frog-themed memecoin on the Solana network, called Book of Meme (BOME), only to sell off their holdings a day before prices skyrocketed.
The trade initially caught attention on March 14 when blockchain analytics firm Lookonchain highlighted shatter.sol’s investment of 50 SOL into BOME, acquiring around 170 million tokens. Subsequently, the trader sold their tokens for $131,000 after a notable price surge.
However, the true magnitude of the missed opportunity became apparent as BOME’s price continued to soar. CoinGecko data revealed a staggering rise from an initial value of $0.00005848 on March 14 to a peak of $0.005833 on March 15, propelling the token’s market capitalization beyond $320 million. Had the trader held onto their tokens for just one more day, their investment would have been worth nearly $1 million.
Reactions among observers were mixed. Some criticized the trader for “fumbling” a chance at generational wealth, while others adopted a more pragmatic stance, arguing that “profit is profit.”
Despite this trader’s misfortune, others in the crypto space experienced significant gains. Influencer Moataz Elsayed, known as “Eljaboom,” claimed to have witnessed a wallet address turning an investment of 420.69 SOL (valued at $80,000) into a remarkable $5.7 million within a mere 48 hours. This aligns with reports of a presale investment made by an anonymous trader under the pseudonym Sunday Funday, who purportedly holds the largest stake in BOME.
The Book of Meme project was initiated by a pseudonymous art producer known as Darkfarms, who expressed surprise at the overwhelming participation in the memecoin’s presale. Darkfarms admitted to not anticipating such high levels of engagement for an experimental project with an unconventional allocation strategy.
Looking ahead, Darkfarms disclosed intentions to closely monitor the project’s progress and devise strategies to establish liquidity pools. The surge of interest in the Solana ecosystem, particularly in November 2023, marked by an 80% increase in token prices, fueled a frenzy surrounding Solana memecoins like Bonk, Dogwifhat, and Silly Dragon, each witnessing substantial gains.
