One of the factors that pushed the Solana price above $200 in a very short time is seen as the great interest in the new coins recently created on the chain.

With purchases made as soon as the coin is released or the paths followed through insider information, it is seen that some users have achieved million-dollar earnings sometimes in minutes, sometimes in a few hours.

The last example of this happened in MEW token. This morning, the trader, who bought MEW with 178 pieces of SOL worth about $35,000, increased his money 255 fold. This person, who bought 4.41 billion MEW, earned $8.9 million.

In the sharing made by Lookonchain, it is also seen that the trader has not yet realised his profit.

Launched today

While many meme coins recently created on the Solana network have made some traders millionaires, cryptocurrency analysts argue that there are often manipulations and insider information behind such gains.

The fact that the token named “cat in a dogs world”, abbreviated MEW, was launched today, of course, raises doubts.

Like MEW, it is noteworthy that many cat-themed meme coins have also risen in the last 24 hours.

In the last 24 hours, Catfish has increased 98%, Sillynubcat 80% and Upsidedowncat token 60%.