Traders once bought the SPX coin, which has multiplied 26 times
The latest data monitored by on-chain analyst Lookonchain shows that a trader once again showed an amazing investment vision, creating 26 times returns in just 3 months.
The trader, whose Ethereum domain name is dimethyltryptamine.eth, purchased 3.64 million SPX coins three months ago for 15.6 Ethereum (approximately $47,000). Today, the value of that investment has soared to $1.27 million, with a 26x return. After deducting the cost of US$47,000, this is equivalent to a net profit of approximately NT$40 million.
Picture source: X God’s quasi-trader bought the SPX currency at the bottom, which has doubled 26 times
The trader, whom Lookonchain calls a "legend," bought 5.9 trillion PEPE coins for 0.125 Ethereum (approximately $251) before investing in $SPX. The investment was once worth $100 million when the PEPE coin hit all-time highs.
He subsequently sold 3.94 trillion PEPE coins for a profit of 2,614 ether (approximately $5 million), while still retaining 1.97 trillion PEPE coins (worth approximately $19.9 million).
What other traders are doing: BUY TURBO, SUNDOG
Lookonchain also noticed the movements of several other traders. A newly created wallet address (starting with 0x835b) has withdrawn 695 million TURBO coins from the Binance exchange in the past 7 days, worth approximately $4.24 million.
Another investor worthy of attention is American rapper Ty Dolla Sign, who purchased 1.66 million SUNDOG coins (approximately US$502,000) for 3.2 million TRON coins ($TRX) this morning (8th).
A few days ago, Ty Dolla Sign asked on He did as the netizen said, which shows that $500,000 is not a lot of money to him.
Source: X American rapper Ty Dolla Sign buys SUNDOG coins
Trader Also Buys Hippo Coin $HIPPO, But Could It Be A Scam?
Lookonchain also monitored that an anonymous trader withdrew 114,680 SUI coins (approximately US$200,000) from Binance and bought 12 million HIPPO coins at a price of US$0.01662. The currency was popularized by MooDeng. Hippo meme coins released.
However, investment in HIPPO coins has aroused vigilance in the community. Some netizens issued a warning, claiming that HIPPO may be a well-designed scam.
The netizen said that according to on-chain data, the top 341 holders of HIPPO coins are suspected to be controlled by robots, and none of these wallets hold SUINS or other tokens.
What is even more worrying is that HIPPO coins may use a script called "MARKET MAKER" to artificially create fake transaction volume and demand by constantly transferring HIPPO coins back and forth between wallets. . This approach may mislead investors into thinking that there is real market demand for HIPPO coins.
Source: X netizen speculates that HIPPO is a scam based on on-chain data
The netizen called on the community to be vigilant and reject any ecosystem members who naively promote this possible scam, especially those commercial organizations that may be bribed to promote it. He emphasized the need to be more vigilant to prevent more people from falling into HIPPO coin scams.
While some traders have made stunning gains in the cryptocurrency market, investors still need to exercise caution, research each project in depth, and be wary of possible scams and market manipulation. In this high-risk, high-reward market, rational analysis and risk management are very important.
[Disclaimer] There are risks in the market, so investment needs to be cautious. This article does not constitute investment advice. There are huge risks in investing in meme coins, and the principal invested may return to zero. Users should consider whether any opinions, views or conclusions in this article are consistent with their specific circumstances. Invest accordingly and do so at your own risk.
