According to Lookonchain, a Solana-based trader profited over $1 million from memecoin trading in just 7 days by executing 88 token trades with a 71.59% win rate and an average holding time of less than one hour. @gmgnai classified this trader as a 'paper hands' participant, indicating a rapid buy-and-sell strategy focused on quick gains and high turnover. This approach demonstrates the profitability potential of high-frequency trading and short holding periods in the volatile memecoin sector, as reported by Lookonchain (source: Lookonchain, Twitter, April 25, 2025).