Crypto Trader Made $554K in Just 24 Hours as Ethereum Skyrockets Unexpectedly

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As a seasoned crypto investor with over a decade of experience in this dynamic market, I can confidently say that the recent performance of Ethereum has been nothing short of impressive. Having weathered numerous market fluctuations and witnessed both bullish and bearish trends, I can attest to the fact that September’s positive trajectory was indeed unexpected but most definitely welcomed.

Following several days where bulls held sway in the cryptocurrency market, numerous digital currencies have experienced a rise, such as Ethereum, which had previously reached capacity but has seen reasonable growth more recently. This rebound was crucial in September, a month typically associated with poor market performance. However, this September was unusual, as the entire crypto market is flourishing, with the price of Ethereum continuing to rise despite Ethereum ETFs experiencing $79 million in outflows. This surge has been beneficial for many investors, and one crypto trader managed to earn a significant $554,000 from this opportunity.

Crypto Trader Maintains 100% Win Rate, Making Another $554K

From my perspective as an analyst, the vast crypto market is teeming with countless cryptocurrencies that have shown impressive returns for their investors. Yet, it’s crucial to remember that numerous factors influence their price trends. This makes crypto trading a complex endeavor, involving both gains and losses, necessitating diligent portfolio management, thorough market research, and much more on an ongoing basis.

A cryptocurrency investor, often referred to as an ‘Ethereum whale’, has consistently employed successful trading strategies, boasting a perfect win rate according to Lookonchain’s data. Known for his frequent trades involving ETH tokens, this trader has reportedly made millions in profits by executing nine trades over the past one and a half months, as detailed in a recent Lookonchain post.

As an analyst, I’ve just noticed that a remarkably successful swing trader, who boasts a perfect 100% win rate in trading Ethereum ($ETH), executed a sale of 10,206 ETH (approximately $27.8M) about half an hour ago. This move has added another impressive profit of around $554K to their tally!
He has traded $ETH 9 times since Aug 12, making money every time, with a total profit of $2.11M!
— Lookonchain (@lookonchain) September 26, 2024

On August 12, he started his crypto trading journey, earning a modest initial return of $40,712. However, things took off from there as his profits kept climbing higher. His most recent trade was just carried out yesterday, where he invested a substantial sum of $26,243,040 to purchase 10,206 ETH tokens. By the end of the same day, he had sold all those tokens for $27,797,418, netting a profit of approximately $554,000. In total, he has successfully completed nine trades so far, leaving fellow investors in awe due to his 100% success rate.

Remarkably, he wrapped up almost all his transactions on the same day yet still accrued substantial earnings. Upon scrutinizing these trades, it’s clear that he invested millions per transaction, providing an opportunity for profit even with minor price fluctuations. Furthermore, he joined the market when Ethereum was relatively cheap and exited when its value surged substantially. Consequently, he amassed a profit of $2.11M within a brief span of weeks.

How Is Ethereum Performing Today?

At the start of this month, Ethereum experienced a significant drop in its value, reaching as low as $2171. But since then, Ethereum’s price has been on an upward trend. Over the past week, it increased by 4.35%, and within the last 24 hours, it has grown another 1.66%.

The cryptocurrency investor made his last transaction when Ethereum was priced at $2,572 and later sold his position once the price climbed to $2,626, marking a noticeable increase. Yet, the upward trend continued, with Ethereum now being traded at an even higher price of $2,661.

Despite Ethereum’s current performance not reaching the heights of the second-largest cryptocurrency, it’s worth noting its improvement from previous declines. If this trend persists, Ethereum could potentially reach $2900, which is especially promising following Larry Fink’s recent expressed interest in this cryptocurrency as CEO of BlackRock.

Final Thoughts

Crypto trading is all about the time. Any crypto trader can manage significant gains if he places the trade on the right. One Ethereum trader has been doing the same for weeks, making $2.11M in profits. He invested a huge amount in ETH token when the Ethereum price went down and sold within the same day when the price grew, making big profits in small durations. However, he is not the only trader with heavy profits these days, another one made $1.2M from $135 in Terminus Token.

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2024-09-27 11:07