As a seasoned researcher with years of experience in the crypto market, I must admit that the story of this particular trader has left me both astounded and slightly envious. The ability to make such astronomical profits in just seven hours is nothing short of extraordinary, especially considering the volatility and unpredictability of the crypto market.
The world of cryptocurrency now attracts billions of dollars in investments as it bustles with transactions. According to Coinmarketcap, this sector boasts a market capitalization of approximately $2.07 Trillion. However, not all trades result in profits, and only a small percentage of investors consistently remain profitable. Nevertheless, there are exceptions – a few who have mastered the art of analyzing market trends and have seen returns as high as 100 times their initial investment within seven hours, demonstrating exceptional trading abilities.
Crypto Trader Made $67K From Just $650
On Lookonchain, a well-known analytics platform, an intriguing finding has been uncovered: A crypto trader, identified as “TEP7…T1da,” has seen an astonishing return of 104 times their initial investment of around $650. This investor bought approximately 6.87 million units of a meme coin named Sundog by investing 5,000 TRX, which is equivalent to $650. Later, they sold these TRX for an impressive 522,840 TRX, or roughly $68,000.
Within a span of seven hours, he managed to generate a substantial profit of $67,300, over 100 times his initial investment. As per Lookonchain’s data, the crypto trader currently holds approximately 2.29 million SUNDOG tokens, equivalent to an additional $76,000 in value.
We noticed that some traders have made 100x gains trading #MEMEcoins on the #TronNetwork!
In seven short hours, the trader identified as “TEP7…T1da” successfully bought approximately 6.87 million units of Sundog at a cost of about 5,000 $STRX ($650), and later sold 4.57 million of them for a staggering 522,840 $STRX ($68,000). This transaction resulted in an impressive profit of roughly 517,840 $STRX ($67,300) – that’s a mind-blowing return of over 104 times the initial investment!
He still holds 2.29M…
— Lookonchain (@lookonchain) August 16, 2024
How Sundog Is Performing Today?
In 2024, we’ve seen a surge in popularity for cryptocurrencies based on internet memes, with numerous tokens reaching new peaks and earning substantial returns for their investors. This trend is particularly notable in the case of Solana-based meme coins such as Dogwhati, Popcat, and others like PEPE, which have shown exceptional growth. Now, Sundog is among these high-yielding investments for one particular investor.
A meme coin called Sundog, themed around dogs, currently stands at a value of $0.04609. Today, there’s been an astounding increase of 71,656.51% in its daily charts on Bitget exchange. Its trading volume is impressive at 482.92 million dollars. This means that the tokens initially bought by investors who haven’t sold yet are now worth approximately $105,546.1 each at this price point.
Final Thoughts
As an analyst, I’ve noticed an intriguing anomaly in the cryptocurrency market where sentiments are currently neutral. Yet, amidst this neutrality, a singular investor has managed to rake in an impressive profit of $67,300 within a mere 7 hours. This fortunate soul initially invested $650 into SUNDOG, and watched as it skyrocketed, multiplying their initial investment by an astounding 104 times.
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2024-08-16 18:04