According to the Lookonchain post, the trader made a profit of $42 million by increasing his portfolio from $23 million to $65 million in one year. More importantly, the trader used only three cryptocurrencies, PEEP, ONDO and BEAM, to grow his portfolio.
Pepe Coin is currently the most profitable meme coin and the first of the three cryptocurrencies from which the trader makes huge profits. He made $60 million by buying PEPE when the market was not favorable and selling it when the market was up. Between November 2, 2023 and February 1, 2024, the trader purchased 3.97 trillion PEPE by depositing $2,434 ETH ($4 million).
By selling only 25 billion of these PEPEs, he obtained 350 $ETH ($127 thousand) and kept the remaining 3.84T PEPE ($56.43 million). Overall, the trader made a profit of $60 million and the Return on Investment (ROI) was 1203%.
ONDO, the native token of ONDO Finance, is among the top 100 coins on CoinmarketCap. The trader invested $1.9 million to purchase 7.55 million ONDO tokens between January 28 and February 6. At that time, the average price of ONDO was $0.26, but now the price of ONDO has increased to $1.08.
Later, the trader sold $2.56M ONDO for $2 million and kept $4.99M ONDO ($5.73 million). He made a profit of $5.8 million with this little-known altcoin investment and the ROI was 288%.