The $SOL Challenge

Crypto Millionaire Challenge: Part 2

By alexsungnyc | alexsungnyc | 16 Jul 2024


I recently took on the $SOL challenge for fun. So far, it's going okay. If you're not sure what it is, it's a meme challenge on X where contestants attempt to flip 1 SOL into a lot of SOL. There have been a lot of success stories from traders buying and selling meme tokens wrapped on Solana, so I decided to look into it. Most of the contestants use the Phantom wallet app for this challenge, so that's what I did.

On the last episode:

"Covid was a Nightmare for my Portfolio" Part 1

Previously, I decided to get back into Crypto with minimal downside risk. I did this by using FreeCash App to generate free crypto. After a few weeks of dilly dallying on the app, I withdrew my first $50 directly into my Gemini Wallet. I then sold it for $SOL to begin my trading challenge.

FreeCash Withdrawal - @alexsungnyc

Deposited 0.62 SOL to Phantom

I went in guns blazing. I had prior trading experience, but because I was using free cash, I was basically using money on the house. Even so, I wanted to be disciplined, trading only when I saw opportunity and reeling in my emotions when things went bad. I expected the volatility, but I almost folded a few times.

First Meme coin trade - $BANKSY

My first trade was $BANKSY which I made a lot of mistakes on, but ultimately succeeded because I was able to take profits. I learned to not wait long on meme tokens because of volatility. This was the trade where I decided to focus on scalping while being disciplined to the charts.

Trading $ROCKY on Jupiter

Later, I traded $ROCKY where I learned a lot more about trading and analyzing patterns. I started with 0.62 SOL to now 0.79 SOL. Hopefully I will be able to keep this play going, but even if it doesn't, I plan on using Free Cash to leverage free crypto to start over and become a better trader. 

0.7966 SOL - Phantom Wallet

If you would like to support my journey and even get started on your own, don't forget to use my links! Thank you for your help, I do appreciate it.

MAIN QUEST

The main mission will be to become a Bitcoin or Crypto millionaire within 5 years or less using the aforementioned apps to get started. As I do this, I'll be accumulating and scraping all of my gains into funnels that will double or triple them. But I want to make it difficult and gamified starting from literally zero. As I learn more and get savvy, I will surely find other apps, systems or platforms that may give me success. I will be sure to update this blog often as Publish0x is truly a great way to create and leverage connections with other members that have similar goals to mine. Thank you for following this journey and I'll make updates along the way!

SIDE QUEST

I plan on developing other streams of income and leveraging them for success. If you'd like to support those channels, please do so here:

Thank you for your support!

The Crypto Millionaire Challenge (Series):

Part 1: Covid was a Nightmare for my Portfolio

Part 2: The $SOL Challenge

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alexsungnyc
alexsungnyc

I am a productivity, biohacking, and neurohacking madman that does experiments on his own body to promote limitless growth and potential, legally.


alexsungnyc
alexsungnyc

Alex Sung NYC is all about self-improvement, personal development, growth, biohacking, neurohacking, and self-experimentation to promote limitless growth. And doing so legally and ethically. Follow all of our channels to engage in our experiments! Check out our Taplink if you dare: https://taplink.cc/alexsungnyc

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