Recently, a crypto investor who invested $3,000 in GNON tokens made $9M within three days, making 3000x ROI. The investor’s incredible feat was achieved with the help of an unpopular digital asset known as the GNON token, which rapidly accumulated significant value.
This guy turned $3K into $9M in just 3 days, a 3000x return!He spent only $3K to buy 56M $GNON via 3 wallets and sold a small part.He currently holds 55.18M $GNON across 4 wallets, worth more than $9M!Wallets:4zYDZFgowjRYExR4sjCmFyuu2gAxqh2agnwWGzcdtzAm… pic.twitter.com/CrH0wQvuyf
— Lookonchain (@lookonchain) October 20, 2024
The GNON Price Journey: From Purchase to Sale
When the investor bought $GNON tokens, they were at a low price of $0.000053 each. Given this, at $3000, he bought about 56M $GNON tokens. This decision was critical as it allowed the investor to climb into the token’s upward trajectory.
The value of $GNON rose to a high of around $0.17 per token, a rise from the purchase price of nearly 3000X within three days. At this price, the investor sold a small number of tokens to gain some of the profits at such a high value, coupled with holding a majority of the tokens, which was an effective way of locking in gains but also opening up the possibility of even more rises in the future.
Combination of Current Holdings and Wallet Strategy
Meanwhile, the investor held approximately 55.18M $GNON tokens in four different wallets after the investor sold a small portion of the tokens. Their value is more than $9 million. This kind of distribution in various wallets proves helpful because if there is a problem with the security of a particular wallet, all its assets are lost. The primary wallet addresses holding these assets include:
DiUynMx59PkppeaHPM2h73xjyeF21 oxosUt3ytMZHVvB
2nU3MRew1Xukc6QtNgYZ91ehpJYcrQ6c6nELRgGGcArD
9H77cUGM94brBwibF3GKTnRBHKCbrrDQHQjwZxf7Dy5u
2ZW5ZhPnnA1TqAsCbfkjFAMaeXPjJVwT5sykaRJe2XXM
Community Action and Market Expectation
This upward swing in profit has quickly gone viral within the crypto circle and has become a hot topic of discussion on social media amongst trader forums. While some people regard this a perfect example of the real-life profit opportunities with cryptocurrency trading, others stress the dangers of investing in high-risk and comparatively unknown tokens. This trade is a perfect example of the huge potential to make money in cryptocurrency when timing and precise approaches are involved. The $GNON surge was fast and accelerated investor gains, but it also showed the volatile nature of digital assets.