Ever wondered how meme tokens can turn into real-life wins? Well, buckle up because @_mythicalpotato just shared a wild story on X that's got the crypto community buzzing. In this tweet, the gamer-turned-degen trader revealed how holding a liquidity position in CANCER-SOL – a quirky meme token on the Solana blockchain – led to some serious profits.
For those new to the scene, let's break it down simply. A "liquidity position" refers to providing assets to a decentralized exchange (DEX) pool, like on platforms such as Meteora or Raydium on Solana. In return, you earn fees from trades happening in that pool. PnL stands for Profit and Loss, basically tracking how much you've made or lost on your investment.
In this case, Mythical Potato was aiming to "unlock" custom PnL art created by artist @NaojNc. These are fun, visual representations of your trading gains, often themed around pirates or adventures – fitting for the high-risk world of meme coins. Unfortunately, the position rocketed upward and went "out of range" before hitting that 100% mark. Out of range means the price moved so much that your provided liquidity wasn't actively earning fees anymore.
But here's the silver lining: even without reaching the full goal, the fees alone raked in enough to cover a whole month's living expenses. We're talking $1,160 in pure profit, with a jaw-dropping +96.45% PnL. The screenshot shows details like TVL (Total Value Locked) at $1,202.84, bin step 100, base fee 2%, and it's all tied to the LP Army community – a group focused on liquidity providing strategies, often linked to Discord.gg/LPARMY and bootcamps for aspiring degens.
This isn't just a flex; it's a real-world example of how meme tokens like CANCER-SOL can blend humor with hustle. Built on Solana's fast and cheap network, these tokens thrive on community hype and viral moments. The "CANCER-SOL" name plays on zodiac themes or perhaps a cheeky nod to resilience, but in the meme world, it's all about the narrative and the gains.
Replies to the tweet echo the excitement: @eisbedog called it "Goat as always," while @narkokek joked about "suffering from success." Even @geracaocripto chimed in with "Holly shit kkk you are a monster potato." It's clear this post resonated with fellow traders in the LP Army and beyond.
If you're dipping your toes into Solana memes, stories like this highlight the potential rewards – but remember, it's high-risk. Always do your own research (DYOR) and start small. Tools like DEX screeners can help spot opportunities, and communities like LP Army offer education on bootcamps and strategies.
What's your take? Have you scored big on a meme liquidity play? Share in the comments below, and stay tuned to Meme Insider for more insider scoops on the wild world of crypto memes.