Crypto Trader Gains $10 Million with Aggressive HODL Strategy

A crypto trader known as Point Farm Capital has turned a bet on the Solana-based meme coin STONK into more than $10 million in profit by sticking to an aggressive hold strategy.

According to on-chain analytics from Lookonchain, the trader now holds 35.7 million STONK tokens, valued at roughly $10.55 million, making them the token's largest single holder.

How the Position Reached $10 Million

The unrealized profit stands near $9.81 million on an initial investment of about $542,000, a return exceeding 1,800%.

The average entry market cap was around $12 million, while STONK has since climbed to roughly $255 million, delivering outsized gains for early accumulators who refused to sell.

On-chain data shows a pattern of consistent buying during the token's early stages, followed by disciplined holding as price action turned bullish.

That approach contrasts with the high-frequency flipping common in meme coin markets, where traders typically take quick profits rather than let positions compound.

Earlier data tracking the same account on the FOMO leaderboard showed that the position had swung sharply along the way.

As of September 8, the trader briefly lost $2.69 million within 24 hours before STONK's rally reversed that loss into fresh profit, illustrating how volatile the underlying ride actually was.