A widely followed crypto analyst says that one Solana (SOL)-based altcoin that has already seen massive gains looks poised to skyrocket further while updating his outlook on two other popular memecoins.

In a new strategy session, pseudonymous crypto trader Bluntz tells his 325,100 followers on the social media platform X that the native asset of the Pudgy Penguins (PENGU) non-fungible token (NFT) collection appears ready to spark a rally despite already gaining 300% this month.

“Nice 18% dip here on PENGU, that should be more than enough in a strong uptrend like this. Should start pushing into fresh highs again from around here [in my opinion].”

The trader’s chart indicates that PENGU could rise to $0.038 during the next few days. The digital asset is trading for $0.0309 at time of writing, a 7.7% decrease on the day. On July 16th, PENGU reached its weekly high of $0.034, a 68% gain from its seven-day low of $0.0184.

According to the trader, PENGU feels like a “silent underperformer” as it has been the strongest meme asset during the last two weeks.

“Seeing PENGU up 143% in two weeks, has also been the best performing large cap meme (over 1 $billion market cap), I’d think more people would be talking about it. Maybe it’s my own echo bubble but feels like a silent outperformer.”

Moving on to the dog-themed meme asset Floki (FLOKI), Bluntz says that it has more room to grow before breaking its resistance level around $0.000123.

“Nice moves on Floki so far but still plenty of juice left in the tank. Breaking that $0.000123 resistance is inevitable [in my opinion].”

It appears that Bluntz’s prediction came true as FLOKI is trading for $0.000142 at time of writing, a 29% increase on the day.

Concluding his analysis with Bonk (BONK), another SOL-based memecoin, Bluntz says it appears as if it has much more room to grow despite rising 96% since the beginning of July.

“Well that was quick. BONK already +96%, and still looking like it has much higher to go.”

BONK is trading for $0.000036 at time of writing, a 4.9% increase on the day.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Blockchain tracking platform Lookonchain says a crypto trader has turned less than ten thousand dollars into millions in just one month by betting on a crypto project built in the Solana (SOL) ecosystem.

According to Lookonchain, the unidentified trader purchased the native token of the social finance (SocialFi) crypto project Launch Coin on Believe (LAUNCHCOIN) worth approximately $9,075 and turned it into $4.7 million, a 517x return.

Lookonchain further says another trader, pseudonymously known as Pow, has recorded an over 7x return on LAUNCHCOIN.

“From near zero to $2.7 million — absolute legend!

Three months ago, @traderpow spent 1,466 SOL ($367,000) to buy 17.66 million LAUNCHCOIN, only to watch it crash approximately 99%.

But he held on.

Now, with LAUNCHCOIN breaking a $150 million market cap, his 17.66 million LAUNCHCOIN is worth $2.7 million!”

The blockchain tracking platform is also highlighting a trader who recorded a loss running into hundreds of thousands of dollars following a slump in the price of LAUNCHCOIN about three months ago.

“If this trader had been more patient, he could have made $7.3 million instead of losing $800,000.

Three months ago, he bought 45 million LAUNCHCOIN near the top, spending approximately $828,000.

But shortly after, LAUNCHCOIN crashed by over 90%.

He sold all 45 million LAUNCHCOIN (now valued at $8.2 million) for only $29,000 at a loss of $800,000.”

LAUNCHCOIN is trading at $0.191 at time of writing, up by 7,000% from the May 8th low of $0.00269. LAUNCHCOIN currently ranks 316th by market cap, which is slightly over $195 million.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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