Crypto trader amasses $42 million profit in one year.
PEPE investment yields $60 million return.
ONDO, BEAM trades add to significant gains.
Lookonchain, a prominent cryptocurrency analytics platform, has detailed the success story of an astute trader whose portfolio ballooned from $23 million to $65 million in just one year. This remarkable gain of $42 million in earnings underscores the trader’s exceptional ability to navigate the volatile crypto markets.
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.👇 pic.twitter.com/ahSmmwsJIz
— Lookonchain (@lookonchain) May 24, 2024
One of the trader’s standout achievements was the extraordinary profit of $60 million, representing a 1203% return on investment (ROI), made from investing in PEPE. Between November 2, 2023, and February 1, 2024, the trader invested 2,434 ETH (equivalent to $5 million) to acquire 3.97 trillion PEPE.
Subsequently, by selling 125 billion PEPE for 350 ETH (approximately $1.27 million), the trader retained 3.84 trillion PEPE, then valued at $56.43 million. This strategic selling at peak prices was pivotal to the trader’s success. PEPE has since experienced a 4.72% decline over the last 24 hours to $0.0000139, according to the latest data.
Furthermore, the trader capitalized on the bullish trends of ONDO, earning $5.8 million with an ROI of 288%. The trader purchased 7.55 million ONDO tokens for $1.9 million at an average price of $0.26 between January 28 and February 6. By selling 2.56 million ONDO tokens for $2 million at an average price of $0.79 across multiple occasions in March and April, the trader retained 4.99 million ONDO tokens, then valued at $5.73 million. ONDO’s price, at the time of writing, stands at $1.07, having risen 8.09% in the last 24 hours.
4/ He bought 139.47M $BEAM($2.59M) at an average price of $0.019 on Jan 4 and Jan 5.Then sold 139.47M $BEAM($4.44M) at an average price of $0.032 from Feb 16 to Feb 27.The profit is $1.85M, with an ROI of 72%. pic.twitter.com/ZcdA5bG4wS
— Lookonchain (@lookonchain) May 24, 2024
Another profitable venture for the trader was BEAM, where an investment of $2.59 million to purchase 139.47 million BEAM tokens at an average price of $0.019 resulted in a $1.85 million profit, reflecting an ROI of 72%. From February 16 to February 27, the trader sold all of their BEAM assets for $4.44 million at an average price of $0.032. BEAM is now trading at $0.02663, down 3.47% over the last 24 hours.
The post This Crypto Trader Made a Fortune on PEPE and ONDO: Here’s How appeared first on Coin Edition.