Crypto Trader Made $701.8K From 5K in Two Days As Token Surged 134X

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As a seasoned researcher who has witnessed the evolution of the cryptocurrency market over the past decade, I must admit that stories like these always pique my interest. The tale of frenulum.eth, who made an astounding $701.8K within two days by investing in Ethervista (VISTA), is nothing short of remarkable. It serves as a testament to the potential profits that can be reaped from this nascent industry, especially when you’re on the right side of the coin (or token, in this case).

Given the constant emergence of novel cryptocurrencies daily, the market presents a fantastic chance to capitalize on the excitement surrounding their initial release. Timing your investment correctly can lead to substantial returns, much like the crypto trader who amassed $701K within two days from Ethervista’s launch.

The crypto investor, which goes by the username frenulum.eth has invested in the newly launched Ethereum-based tokens called Ethervista (VISTA) and bagged heavy gains despite the neutral market conditions.

Crypto Trader Mase $696K In Ethervista

On the blockchain analysis site Lookonchain, it’s been disclosed that a trader made a significant profit by starting with an investment of 2.5 ETH, or around $5,100, and increasing it to a staggering 276.5 ETH, equivalent to approximately $701,800, within merely two days.

The investor bought  52,822 $VISTA, described as the PumpFun of ETH. This Pump.fun-like platform has bagged instant success in the market since its launch on Sep. 1. And with the success of this platform, the crypto trader’s investment also turned successful as the token value surged 134X in two days.

frenulum.eth earned 274 $ETH($696.7K) by trading $VISTA in just 2 days, a 134x return!
The account named frenulum.eth invested 2.05 Ether ($5,100) to purchase approximately 52,822 Vista tokens, and later sold them for a whopping 276.5 Ether ($701,800). These Vista tokens were introduced by the team at Ethervista, often referred to as the ‘PumpFun’ of Ethereum.
— Lookonchain (@lookonchain) September 3, 2024

Concurrently, Pump.fun is holding its ground in the market by introducing fresh token launches. Notably, a TRON trader raked in $7.4 million from an initial investment of just $295, mainly through popular meme coins like SUNDOG and SUNCAT on this platform.

How VISTA is Performing Today?

VISTA represents a freshly introduced token that has a maximum issuance of one million units. This token also incorporates a burn feature and a buyback system, which reduces its total circulation whenever it’s bought, thereby potentially increasing its value each time.

Currently, over 2.17% of the token’s total supply has been burned and it’s being traded at $17.49, giving it a market cap of approximately $17.1 million according to DEX Screener. Despite moving away from its record high of $28.80, there remains strong interest in the token as indicated by a trading volume of around $52.1 million.

As the analyst on the VISTA project, I’m thrilled to share that following the token’s market success, we’ve just introduced a public testnet. What makes this particularly exciting is that those who join the testnet will be granted a portion of the token, along with an allotment of gas for signing transactions within their wallet.

Final Thoughts

Amidst a struggling market, up-and-coming cryptocurrency platforms and their tokens are garnering attention as investors reap substantial profits due to escalating excitement. The Lookonchain platform recently showcased another successful crypto trader who accumulated millions in profit within mere days of investment. This venture started with an initial investment of 5,100 units into a freshly launched token, Ethervista (VISTA). This token swiftly skyrocketed in value, increasing by 134 times, which ultimately translated to $701,800 for the crypto investor who had only put in $5,000.

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2024-09-03 19:11