The post $2M in 15 Days: This Trader’s 100% Win Streak with Ethereum Will Shock You! appeared first on Coinpedia Fintech News
A standout crypto story has been highlighted in the world of swing trading, showcasing a savvy trader’s impressive success with Ethereum (ETH). Lookonchain, a leading blockchain analytics platform tweeted that a smart trader executed six perfect swing trades with Ethereum (ETH) making an overall profit of $2 million in just 15 day, with an impressive 100% win rate. You won’t believe how this trading wizard turned a huge profit so quickly!
$2 Million Profit in Just 15 Days
According to Lookonchain, a savvy trader made significant gains by turning Ethereum into a massive profit in just 15 days. Starting on September 2 with 4,821 ETH, the trader successfully grew their holdings to 5,690 ETH.
This smart trader is excellent at swing trading $ETH, having traded $ETH 6 times since Sept 2 with a 100% win rate!In just 15 days, he turned 4,821 $ETH into 5,690 $ETH, making a profit of 869 $ETH ($2M)!Address:0xe0b532985a6b8bfe82a9d1f6f83373c75a7b3c71 pic.twitter.com/XemVO7Z7YE
— Lookonchain (@lookonchain) September 17, 2024
This increase of 869 ETH, valued at approximately $2 million at current prices, was achieved through six successful swing trades, maintaining a perfect 100% winning rate.
By carefully choosing the right moments to buy and sell, the trader significantly increased their holdings. This impressive success showcases their ability to capitalize on market fluctuations and secure substantial gains in such a short time.
Trader Massive Loss of $43 Million
While some traders make huge profits, others face big losses when things don’t go as planned. On Sept. 14, Lookonchain, reported that Crypto millionaire James Fickel placed a high-stakes bet involving 18,000 ETH, worth $43 million.
James Fickel(@jamesfickel) lost ~18,000 $ETH($43.7M) by going long the BTC/ETH trading pair!From Jan 10 to July 1, he borrowed 3,061 $WBTC(172M) from #Aave and exchanged it for 56,445 $ETH at a rate of 0.05424.Since Aug 7, he spent 12M $USDC to buy 211 $WBTC and exchanged… pic.twitter.com/9DgLjisPgp
— Lookonchain (@lookonchain) September 14, 2024
However, the bet did not go as planned, resulting in a huge financial setback for the trader. This loss added significantly to his overall debt, which now stands at $132 million.
While the crypto market offers opportunities for massive gains, it can also lead to serious financial consequences when bets or trades don’t work out as expected, as seen in Fickel’s case.
