As a researcher, I find this crypto trader’s profit history absolutely fascinating. The fact that they were able to make $42 Million in profits within just one year using only three cryptocurrencies is truly impressive. It goes to show the power of strategic planning and investment skills.
The crypto trading gains of an individual over the past year have left many astonished, as they amounted to a staggering $42 million. Notably, this substantial profit was achieved through dealing with merely three cryptocurrencies, highlighting the exceptional strategic planning and investment acumen of the trader.
After Lookonchain, a blockchain exploration platform, disclosed information on X, it’s worth examining this data to identify where the trader realized their gains.
3 Cryptocurrencies That Made $42 Million
Based on the information provided in the Lookonchain post, I, as a researcher, discovered that a trader was able to expand their initial $23 million investment into a substantial $65 million portfolio within a single year. This impressive growth resulted in a profit of approximately $42 million. What makes this achievement even more noteworthy is the fact that the trader relied on only three cryptocurrencies, namely PEEP, ONDO, and BEAM, to achieve these remarkable results.
What a smart trader!
In just 1 year, his portfolio grew from $23M to $65M, earning $42M!
– Made $60M(+1203%) on $PEPE!
– Made $5.8M(+288%) on $ONDO!
– Made $1.85M(+72%) on $BEAM!
1/ Let’s dig into his trades.
— Lookonchain (@lookonchain) May 24, 2024
$60 Million Profit With PEPE
As an analyst, I’d put it this way: I’ve analyzed the recent market performance, and Pepe Coin stands out as the most lucrative meme coin at present. Among the three cryptocurrencies under consideration, it yielded a staggering profit of $60 Million for the investor. The investor made this fortune by purchasing PEPE when the market was unfavorable and selling during the bullish phase. Initially, they invested $4 Million, equivalent to 2,434 Ethereum (ETH), between November 2, 2023, and February 1, 2024. From this investment, they managed to sell 25 Billion PEPE for a profit of $.127 Million (250 ETH). The remaining 3.84 Trillion PEPE is currently valued at $56.43M. Therefore, the investor’s total return on investment comes up to an impressive 1203%.
Now, the PEPE price is booming, making big gains for the rest of the investors as well.
$5.8 Million Profit With ONDO
As a researcher, I’d put it this way: I’ve discovered that ONDO, the native token of ONDO Finance, ranks among the top 100 cryptocurrencies on CoinmarketCap. In late January and early February, I invested $1.9 million to acquire approximately 7.55 million ONDO tokens at an average price of around $0.26. However, recently, there’s been a significant price surge for ONDO, with the token now trading at around $1.08.
As an analyst, I would rephrase it as follows: I analyzed a trade where an investor sold 2.56 million units of ONDO for a total value of 2 million dollars. Following the sale, they retained 4.99 million ONDO, equivalent to approximately 5.73 million dollars. Through this investment in the less widely-known altcoin ONDO, the trader generated a profit of 5.8 million dollars, resulting in a return on investment (ROI) of 288%.
$1.85 Million Profit With BEAM
On January 4 and 5, a trader purchased approximately 139.47 million BEAM tokens for $2.59 million, with an average token price of $0.019. Currently, the price of BEAM stands at $0.02666.
In February, traders disposed of their entire holding of 139.47 million BEAM tokens, pocketing a revenue of approximately $4.44 million. The average price they sold at was around $0.032 per token. Although the value of BEAM soared further in the subsequent days, these traders still managed to secure a profit of nearly $1.85 million, representing a return on investment (ROI) of 72%.
Final Thought
As a researcher studying the success stories of cryptocurrency traders, I’ve come across an intriguing case. This trader has made wise selections, not just in popular coins like PEPE, but also in less-hyped ones such as BEAM and ONDO. While the hype surrounding PEPE was understandable, these two coins didn’t demand much attention. Yet, they brought substantial returns for the trader, making millions in the process.
Also, Read Altcoins to Buy for 100X Profits in June
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2024-05-24 13:54