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Cupsey's Memecoin Trading Saga: From Zero to $17M, Hack Hits Hard, and Starting Over on Solana

Cupsey's Memecoin Trading Saga: From Zero to $17M, Hack Hits Hard, and Starting Over on Solana

In the wild world of memecoins, stories of rags-to-riches—and sometimes back to rags—pop up all the time. But few are as gripping as that of Cupsey, a trader who's become a legend in Solana circles. A recent thread by @StarPlatinumSOL on X breaks it down, revealing how this former Fortnite player turned small stakes into massive gains, only to hit a major setback. Let's unpack it.

From Gamer to NFT Flipper to Memecoin Master

Cupsey's crypto adventure kicked off innocently enough. Back in 2022, he was just another gamer diving into NFTs. Think buying and selling digital collectibles on Solana—nothing too crazy.

Cupsey's Fortnite stats screenshot

But then came the 2024 memecoin explosion. Cupsey jumped in headfirst, starting with Photon, a popular dex for quick trades. His first go? Loaded up 20 SOL, lost it all. Reloaded with 10 SOL, grew it to 40, then tanked most of it down to 5 SOL. Sound familiar? That's the rollercoaster of memecoin trading.

From that low point, though, he claims he never deposited again. Instead, he grinded—12 to 16 hours a day—learning the ins and outs. He shifted to higher-risk plays like bundle tokens, where supply is controlled but the potential for rugs is sky-high.

The Golden Streak: Almost No Losses

What followed was unreal. For seven months, Cupsey had just one red day, losing a mere $400. His win rate? Impressive. He racked up over $17.21 million in profits, trading 1,000 to 1,500 times a day, often clearing $1M in volume daily.

Cupsey's PNL calendar showing consistent profits

Green every day, massive volumes—this guy was on fire. But as the thread points out, things got suspicious. Was it pure skill, or something else? Copy traders might have played a role, amplifying his moves.

The Hack: $235K Drained, Forced Reset

Then, disaster struck. A manual drain hit his wallet, siphoning $235,560. Not a typical hack—someone got in manually. Cupsey had to abandon the wallet to protect his assets and start fresh.

Cupsey's tweet about getting drained for $500,000

Crypto sleuths quickly doxxed his new address: 2fg5QD1eD7rzNNCsvnhmXFm5hqNgwTTG8p7kQ6f3rx6f. (NFA, DYOR, folks.) His new setup? Still profitable, but toned down—peaking at $393K volume, 200-800 trades a day, less daily profit.

Cupsey's new wallet PNL calendar

Old vs. New: A Tale of Two Wallets

Comparing the two wallets highlights the shift:

  • Old Wallet: $1M+ daily volume, 1,000-1,500 trades, near-zero red days, $17.21M lifetime profit.
  • New Wallet: Lower volume ($393K max), fewer trades (200-800), still green but not as explosive.
Comparison of Cupsey's old and new wallet trades

The thread speculates: With copy traders potentially out of the picture, will we see more red days ahead?

Lessons from Cupsey's Ride

Cupsey's story is a classic memecoin tale—persistence pays, but security is everything. Trading bundles? High reward, but know when to bail. And always, always protect your wallet.

He's still hailed as a top trader, bouncing back like a true meme warrior. If you're into Solana memecoins, follow his journey on X @Cupseyy. For the full thread, check it out here.

In the end, memecoin trading isn't for the faint-hearted. But stories like this remind us why it's so addictive. Stay safe out there, degens.

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