In the fast-paced world of meme coins on Solana, one trader's recent X post has caught attention for its humorous take on a not-so-great investment. Posted by @leekuan075, the tweet highlights the ups and downs of providing liquidity in meme token pools, with a particular focus on $SPARK.
The post kicks off with a witty pun: "igniting a $spark produces $light, not in this case lol." For those new to the scene, $SPARK and $LIGHT are meme tokens on the Solana blockchain, often traded in liquidity pools where users can earn fees by providing assets like SOL or USDC. But as the trader shares, things haven't gone as planned.
The accompanying image from Meteora, a popular decentralized exchange (DEX) on Solana for dynamic liquidity management (DLMM), paints a vivid picture. It shows a cute, sad-faced meteor character representing the $SPARK-SOL pool, with a profit loss of -$388.01. The total value locked (TVL) sits at $415.72, with a bin step of 20 and a base fee of 0.2%. The PnL (profit and loss) is down a whopping -9.14%. It's a stark reminder of how volatile meme coin liquidity providing can be—prices swing wildly, and impermanent loss can eat into your holdings.
Despite the bleed, the trader is sticking with their $SPARK-USDC pool for now, hoping it stabilizes. But they're not putting all eggs in one basket. Plans are in motion to "rotate this into $BUCKY," another Solana-based meme token that's been buzzing in the community.
Looking at the second image, we see a snapshot of various pools on what appears to be a DEX interface. It lists:
- $LIGHT-SOL with bin step 125 and fee 1.50%
- $Bucky-SOL with bin step 50 and fee 2.00%
- $SPARK-USDC with bin step 20 and fee 0.20%
- $CLIPPY-SOL with bin step 80 and fee 0.20%
This gives insight into the trader's portfolio and potential opportunities. Bin steps and fees are key in DLMM pools—they determine how concentrated your liquidity is and the rewards you might earn from trades.
Additionally, the trader has $ANI and $TROLL on their watchlist. These are more meme tokens that have gained traction for their fun themes and community hype. $ANI might refer to anime-inspired tokens, while $TROLL plays on internet troll culture, both common in the meme coin space.
They're still holding positions in:
- $CLIPPY (likely a nod to the old Microsoft Office assistant, reimagined as a meme)
- $LIGHT SOL+USDC pools
- $USELESS (a self-deprecating name that's ironically popular in meme circles)
The third image zooms in on the $LIGHT-USDC pool, showing a bin step of 200 and a higher fee of 2.00%. This could indicate a more volatile or rewarding setup, depending on market movements.
For blockchain practitioners dipping into meme tokens, this tweet is a goldmine of real-world experience. Liquidity providing in pools like these can offer passive income through fees, but it comes with risks like impermanent loss—where the value of your deposited tokens changes relative to holding them separately. Tools like Meteora help optimize this with dynamic adjustments.
If you're exploring Solana meme coins, keep an eye on projects like $SPARK, $LIGHT, and $BUCKY. Communities on X and Discord often drive their momentum. Always do your own research (DYOR), as meme tokens are highly speculative.
What do you think—will $BUCKY spark the next rally, or is it time to troll elsewhere? Share your thoughts in the comments below!