After investing in the Ethereum-based memecoin, a trader has seen a profit of over 27,600%.ETH( Base layer-based scaling solution.
Lookonchain is a blockchain-tracking firm that has identified one smart trader. turned $18,000 into $5 million – a gain of 27,677% – after purchasing Degen (DEGEN(January)
“Only invested 7.35 ETH ($18,000) on DEGEN, this trader made ~$5 million, a gain of 272x! He spent 7.35 ETH ($18,000) to buy 260 million DEGEN on January 15th and January 21st. Then sold 102.5 million DEGEN for 1.26 million USDC, with 157.5 million DEGEN (3.75 million) left.”
DEGEN’s market cap is $328.57 millions. At the time of this writing, it was trading for $0.00258. This represents a 2.69% increase in just 24 hours.
Lookonchain noticed A deep-pocketed investor in early Ethereum sold massive amounts of top altcoins for enormous profits.
A holder who bought ETH early sold it for 62.24 millions DAI, or $3.503 [on March 27th]. From March 2017 to April 2021, the average price for 14,280 ETH was only 182 dollars.
Profit is $59 Million, which represents a gain 23x!”
Ethereum trades at $3,511 as of the time this article was written, down by 1.50% over the past 24 hours.
Lookonchain spotted One investor turns 50 Solana in a hurrySOLBy trading Solana memecoins, you can convert. (Cat in a Dogs World) to 2,828 SOL.MEW).
This trader, who began with just 50 SOL in only two days turned them into 2,828 SOL (531,000 SOL)!
Check out how he accomplished it.
He spent 50 SOL to purchase 368.3 million MEW. He bought 368.3 MEW with 30 SOL and sold it for 2,828 SOL (530,000 SOL). “He still has 353,000 MEW left and a total of $877,000.
MEW’s value at time of writing is $0.00548, up 113% from the previous day.
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