12,800% on Big Balls in a Weekend

Last Friday, 7^th February, news feeds across the mainstream media started covering, ‘Big Balls’.

It is 100% as hilarious as it sounds.

This was coverage of one member of the Department of Government Efficiency (DOGE) team and his online pseudonym that had the mainstream up in arms.

They couldn’t believe that a 19-year-old tech genius who online went by the name ‘Big Balls’ could have such deep access to government systems and data.

But he does, and he did. And DOGE continues to find unfathomable levels of government waste thanks to the DOGE team.

Anyway, what DOGE is doing is another story. What’s relevant today is that for all the times I’ve said you’re most likely to lose money in memecoins (and that’s still true) occasionally you can strike a big one – which I did over the weekend.

So, this is my story of how I made 12,800% in memecoins over the weekend.

A Commitment to Far too Much Time on X.com

First off, I have an ‘Elon alert’ on my X.com feed. That way the second Elon posts something I get a notification. That’s a lot of notifications, he posts a lot.

I’ve been on Twitter (and then X) for over 11 years. So, I’ve done this for a while, I know how certain posts can move the market. And I get Elon alerts mainly because he’s the reason that Dogecoin pumps, and that often-other Doge-related crypto, everything from Floki to Shiba Inu has pumped in the past.

Elon moving crypto markets isn’t new, so alerts to his posts are useful to move quickly. And when I got this alert, immediately I thought to myself, this is exactly the kind of meme that memecoin markets LOVE.

I jumped onto DEX Screener to see if there was a ‘Big Balls’ memecoin that was pumping. Weirdly, there wasn’t. By the time I got there however, a new memecoin called ‘Big Balls’ had been created 45 minutes earlier (which was about a minute or two after Elon had posted the image earlier).

It was the only one on the Solana blockchain, and its market cap was around $400,000.

At this point I think to myself, right this goes one of two ways. 1. It’s a rug pull and will likely pump and then wipe out all token holders. 2. I’m early and this will pump on Big Balls getting traction and could easily 10-20x.

The risk return trade off here is HIGH. Either lose all funds in the token, or possibly 10x and then some. It’s a risk so high, that I figured, you know what, I can spare $100 to have a punt on this. And besides, I love the fact the mainstream was losing its mind over ‘Big Balls’.

I sent 0.5 SOL to my wallet, and I bought a couple hundred thousand $BIGBALLS, the equivalent at the time of about $85 worth. Then I just switched everything off and let the crypto gods decide my fate.

Then I enjoyed my weekend.

I came back from the local swimming pool on Sunday morning, and thought I’d jump onto DEX Screener and see what Big Balls was doing. At first, I saw the price, $0.04999 and thought, dammit, the price has barely moved!

And then I did a double take…

Got a Spare $50?

My entry price was around 0.00038. This price was 0.04999 (and rising). My brain had skipped a few 0’s in that equation.

Then I looked at my wallet. The balance was now showing over $11,000 in value held in $BIGBALLS.

A quick calculation on the calculator… I was up over 12,800% from the initial buy.

At this point I think to myself, right this goes one of two ways. 1. This now crashes and I lose it all. 2. This pumps higher and I make $100,000 from this.

That’s at least the mindset most people have after a 12,800% win. I figured, I’ll take some profits and then let the rest ride. So, I did. But then I thought, I've seen these things come and go before, I don’t see how this is any different this time.

So, I decided to get out completely. I rationalised that if it did pump to $1 billion market cap, I’d be ok with that, because I also was confident it would head lower by Monday. And it was that instinct that was correct. By Monday my holding would have been worth around $2,500. Still not bad on $85 I started with, but not over $11,000 either.

What I will say though is this is still a rare story. This is one of two big wins I’ve had with memecoins. I’ve had at least a dozen losses. That said, this makes up (and then some for those losses). But it’s only because I manage my capital and can deal with those losses that I can still play the memecoin roulette.

Most people don’t manage their capital, most lose far more than they can afford to, if you can’t spare the funds for the memecoin roulette, don’t play. But if you’ve got $50 spare you can afford to lose repeatedly until something sticks, then it is still a fun place to mess around in.

Trust in crypto,
Adam Atlantic