How Billy Turned $1,116 into $6 Million in a Month?

How Billy Turned $1,116 into $6 Million in a Month?

The post How Billy Turned $1,116 into $6 Million in a Month? appeared first on Coinpedia Fintech News

Solana’s meme coin, Billy who is just one month old now, has just skyrocketed past the $100 million mark, now sitting pretty at a whopping $115 million.

This coin claims to be the cutest dog in the meme world and was launched on Pump.fun in early June, Billy has quickly become the second-largest token on the platform, right behind Michi, which boasts a $130 million market cap.

From Zero to Hero: Billy’s Explosive Start

Billy’s story is nothing short of a crypto fairy tale. The original developer sold all his tokens within just 20 minutes of launch, bagging $1,116. 

Fast forward to today, that same amount of Billy would be worth nearly $6 million. The dev’s wallet is empty now, and the community has stepped up, taking over and driving the project to its insane growth.

Last weekend, Billy’s market cap was chilling at around $72 million. It dipped to $60 million as the week started, but then—boom! It surged by 97% on Monday and Tuesday, hitting $115 million. This leapfrogged Billy past the Andrew Tate-endorsed meme coin, DADDY, which now trails at $71 million.

The Mystery Behind Billy’s Meteoric Rise

Now, why did Billy’s price shoot up so fast? That’s the big question. The coin’s Twitter account has been super active, posting memes left and right. Plus, content creator Jonzzy’s Billy meme went viral on social media, giving it a massive boost.

Billy’s price has been on a tear, rising from a low of $0.021 on June 24 to an all-time high of $0.1320. This gives Billy a market cap of $115 million, putting it in the spotlight with big names like Shiba Inu, Baby Dogecoin and many other meme coin champions.

The number of Billy holders has exploded to over 15,000, with most of the trading volume happening on Solana-based decentralized exchanges like Raydium, Meteora, and Orca. But one must remember that the rally could face trouble if insiders start selling off their tokens, a common issue with meme coins.

Even with these risks, Billy’s journey is nothing short of epic. The meme coin market cap has now surpassed $51 billion, showing just how lucrative these tokens can be. As the crypto community watches closely, Billy’s future and the overall meme coin landscape are hotter than ever.