A fortuitous trader is celebrating substantial profits as a Solana (SOL)-based memecoin has surged over 1,200% in just three weeks, as per on-chain data from Lookonchain, a blockchain tracking firm.

According to Lookonchain, a participant in the pre-sale of Beercoin (BEER) has raked in more than $1 million in profit. The trader spent 301.2 SOL ($50,000) to participate in the pre-sale and received 3.38 billion BEER tokens. After exchanging 5.45 billion BONK ($192,000) for 1.86 billion BEER on May 26th, the trader deposited 240 million ($120,000) to Gate.io for profit. By selling 4.6 billion BEER ($1.34 million) on June 14th, the trader has made a total profit of over $1.3 million.

BEER was trading at $0.000018 on May 24th and has now reached $0.000245, marking a 1,261% increase.

In another instance, Lookonchain reveals that a crypto whale has earned massive profits from holding Pendle (PENDLE), a platform that allows users to tokenize and sell future yields. The whale deposited 755,000 PENDLE ($3.83 million) to Binance for profit on June 11th. Withdrawing 5.02 million PENDLE ($2.73 million at the time) from Binance on August 18th, the whale currently holds 4.27 million PENDLE ($21.7 million), resulting in a total profit of $22.8 million (+834%).

Pendle is currently trading at $4.93, slightly down in the last 24 hours.

Lastly, Lookonchain highlights a crypto investor who has seen a 1,110% profit in just eight days after purchasing Mother Iggy (MOTHER) tokens, the cryptocurrency venture of Australian rapper Iggy Azalea. The investor spent $777,000 to acquire 50.35 million MOTHER tokens from May 29th to June 1st, now valued at $9.4 million.

MOTHER is trading at $0.13 at the time of writing, showing a decrease of nearly 7% in the last 24 hours.

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