Crypto Trader Made $1.5 Million in Few Hours After Token Surged 7,777%

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As a seasoned crypto investor with over a decade of experience navigating the digital asset market, I can confidently say that the recent surge in 3AC tokens has been nothing short of exhilarating. Having witnessed the rise and fall of numerous projects, I’ve learned to appreciate the unpredictable nature of this space – it’s like riding a roller coaster with no safety harness!

A savvy crypto trader recently executed a highly profitable cryptocurrency trade, making a significant gain within a few hours. By purchasing 3AC tokens at a strategic time, the trader demonstrated sharp market instincts, ultimately yielding substantial returns.

 

The items under discussion are owned by Su Zhu and Kyle Davies, who were associated with their defunct company Three Arrows Capital (3AC). In 2021, they faced significant challenges that resulted in bankruptcy for their company. However, the pair recently announced a new venture restart on platform X.

Crypto Trader Made $1.5 Million in Few Hours

Made 561 $ETH($1.5M) in just 7 hours! #3AC
This sniper spent 238 $ETH($641.5K) to snipe 28.03M $3AC the first time $3AC opened trading.
Then sold 24.95M $3AC for 799 $ETH($2.15M).
This guy made 561 $ETH($1.5M) and still holds 3.08M $3AC($369K).
— Lookonchain (@lookonchain) September 28, 2024

According to Lookonchain, a trader bought approximately 28.03 million tokens of 3AC for around 238 Ether (valued at $641,500). After a short period, they sold 24.95 million tokens, earning an additional 799 Ether (worth roughly $2.15 million). The trader retained some of their initial investment and amassed profits totaling approximately 561 ETH ($1.5 million) in just seven hours. This highly profitable trade has attracted much notice within the crypto community, underscoring the potential wealth-generating possibilities from market volatility.

As a researcher, I’ve just discovered that Machi Big Brother has invested a significant amount in the cryptocurrency market, specifically in the Three Arrows Capital (3AC) project. They have allocated 125 Etherium (ETH), equivalent to approximately $336,800 USD, towards the purchase of around 3.28 million $3AC tokens. The transaction was executed at an average price of about $0.1028 per token.

3AC (Three Arrows Capital) is trying to make a comeback following their notable downfall during the past cryptocurrency market boom. Initially founded by Zhu Su, the firm faced bankruptcy due to unsuccessful leveraged investments in diverse digital assets.
Even though it’s currently facing difficulties, a rising number of significant cryptocurrency investors are wagering on the resurgence of 3AC (Three Arrows Capital). Notably, some large-scale backers have expressed desire to purchase $3AC tokens, indicating faith in the company’s reconstruction plans. These influential players seem to endorse the revival, hinting that optimism persists within certain sectors of the crypto world.

Machi Big Brother (@machibigbrother) invested 125 ETH, equivalent to approximately 336,800 USD, to purchase about 3,280,000 $3AC tokens (by @zhusu), at an average price of 0.1028 USD per token. #$3AC
— Lookonchain (@lookonchain) September 28, 2024
The significant acquisition by Machi underscores the growing optimism among certain investors about the revival prospects of the 3AC project. However, whether this signals a successful comeback for Three Arrows Capital is yet to be determined. Regardless, it’s definitely piqued the interest of market players.

To wrap it up, the swift earnings a trader makes within a short span underscores both the potential benefits and challenges inherent in the unpredictable crypto market. The comeback of Three Arrows Capital (3AC) and their fresh endeavors have sparked significant interest among investors, as their shrewd investments serve as a testament to their faith in 3AC’s recovery.

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2024-09-28 15:20