A trading activity of a memecoin on Solana, $WOJAKEXE, is worth noting—a wallet made a profit of 56.9K with a quick operation despite a market cap of only 182K (ROI up to 2293%). Subsequently, this address sold about 10K in 7 transactions within 2 minutes, clearly a pattern of large profit-taking.

From the market reaction, this wave of selling directly exposed the problem: the price dropped 5.3% within 5 minutes, and the liquidity pool only had 20K, which means that if there is more selling pressure later, slippage will be very severe. The liquidity of such memecoins is inherently fragile; when whales exit quickly, ordinary retail investors can easily get caught at high slippage.

This is a typical quick-in, quick-out pattern—early low market cap entry, then profiting through large-scale selling. Traders chasing such projects should be alert to liquidity traps and whale behaviors that can cause price volatility.