A savvy Solana-based trader has stunned the crypto market after turning just $321 into $2.18 million within 11 days, following a massive rally in the meme token 114514.
On-chain data shows the gains came from early positioning, rising trading volume, and a sharp breakout on Solana’s meme coin market.
According to on-chain data shared by Lookonchain, a wallet labeled 8BGiMZ, linked to a Solana trader, spent only $321 to buy 45.58 million 114514 tokens through multiple swaps on Solana-based DEXs.
These purchases happened when the token was trading near $0.000007, and activity was very low.
Instead of buying all at once, the trader slowly accumulated tokens over several days. This approach helped reduce slippage and allowed the trader to enter early, before strong demand arrived.
In early January 2026, market interest suddenly picked up. Buying pressure increased fast, pushing the token into a sharp rally. The price surged to around $0.048, while 24-hour trading volume crossed $21 million.
At that point, the trader’s 45.58 million tokens were worth about $2.18 million, turning a small $321 investment into a 6,800× return in just 11 days.
Despite the massive gains, on-chain data does not clearly show the wallet fully selling its position. This suggests the trader may still be holding part of the position, betting on further upside.
At the peak, the token reached a market cap of roughly $48.2 million, placing it among the top trending Solana meme coins. The chart also shows strong green candles backed by rising volume, confirming that the move was driven by real demand, not thin liquidity.
Since then, the token has pulled back as traders rushed to book profits. Even after the drop, 114514 is still trading around $0.031, showing a 274% gain in the last 24 hours.
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