A crypto trader known as ‘MNhB’ has made over $840,000 by launching 17,794 Solana meme coins on Pump.fun in just three months.
Instead of focusing on creating strong projects, the developer follows a quantity-over-quality approach, launching hundreds of new tokens daily, especially on Solana, and cashing in on the initial hype before most of them fail.
This strategy may be profitable for them, but it dilutes liquidity and floods the market with low-quality tokens, making it harder for legitimate projects to thrive. In the long run, this only weakens the crypto ecosystem.
The New Meme Coin Money-Making Method With Pump.Fun
Pump.fun makes launching meme coins on Solana effortless, allowing anyone to create tokens for free with just a few clicks. If a token reaches a $100,000 market cap, it “graduates” and can be traded outside the platform, rewarding the creator with 0.5 SOL ($115).
MNhB spams the platform, launching tokens in bulk and quickly selling them to realize profits before they decline. Over time, these rapid trades have proven to be a lucrative strategy.
“There is one individual responsible for around 18,000 tokens created on Pump.fun. It seems they create an average of a dozen tokens every hour continuously.” — Conor Grogan
However, the approach is not flawless. On Rapid Response (RR), the trader sold too soon, realizing only a $25 profit while the coin later surged to a $7.3 million market cap—a missed chance worth over $500,000.
Meme coin flipping has evolved; instead of identifying the next big hit, traders are creating as many tokens as possible and cashing in quickly before they fade out. Data shows over 100 wallets have launched more than 1,300 tokens on Pump.fun.
The second and third most active traders earned $430,200 and $482,300, indicating that this is not just a one-off success.
The Challenge of Quantity Over Quality – The Meme Coin Market Is Saturated
The meme coin landscape has shifted. Traders are now focused on mass-producing coins, aware that the majority will fail, yet a few can provide substantial returns. This high-volume, fast-paced strategy is a predominant trend in meme coin trading.
Despite the heavy token launches, Pump.fun’s co-founder Alon indicates that MNhB is likely a human trader, not a bot, as their profit-taking aligns with market hype cycles, suggesting manual decision-making.
The market is becoming inundated with Solana meme coins, and swift shifts to trending names can lead to significant losses for traders.
