Smart Whale Earns $14.5 Million on $PEPE and Invests $1.03 Million in $TURBO - Here's How
In the world of cryptocurrency, there are often stories of savvy investors who make huge profits by jumping on market trends at just the right time. One such investor, a "smart whale," recently made headlines for earning approximately $14.5 million on $PEPE and investing $1.03 million in $TURBO. Here's a closer look at this investor's strategy and how they achieved such impressive gains.
Background:
The smart whale in question made their initial investment in $PEPE, a cryptocurrency that saw significant growth in recent months. However, after making a substantial profit on $PEPE, the whale decided to turn their attention to $TURBO.
Investment Strategy:
The smart whale spent $50,000 USDC to purchase 84 million $TURBO after the price of the cryptocurrency dropped. This brought their total holdings to 1.47 billion $TURBO, which they acquired for an average buying price of $0.0006993.
After purchasing $TURBO, the investor sold 30 million of their holdings once the price of the cryptocurrency increased. They sold these coins for 25,000 USDC at a price of $0.0008482.
Overall, the smart whale invested a total of $1.21 million in $TURBO at an average price of $0.0007052, and currently holds 1.68 billion $TURBO valued at $1.33 million.
Key Takeaways:
The smart whale earned approximately $14.5 million on $PEPE before turning their attention to $TURBO.
The investor purchased 84 million $TURBO for $50,000 USDC after the price of the cryptocurrency dropped.
The smart whale sold 30 million $TURBO for 25,000 USDC once the price of the cryptocurrency increased.
The investor now holds 1.68 billion $TURBO valued at $1.33 million.
Conclusion:
Investing in cryptocurrency can be a risky endeavor, but the smart whale's strategy demonstrates the potential for significant gains for those who make informed decisions and are willing to take calculated risks. It's important to do your research and approach with caution, but for those who are successful, the rewards can be substantial.
Source:- Lookonchain
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