DAOSatoshi

A cryptocurrency trader turned $50.98 into approximately $10,900 in two hours, speculating in a recently created token. The trading occurred on February 21 against Solana (SOL) using its DeFi ecosystem.
Lookonchain spotted what it deemed to be “unbelievable” results, posting the accomplishment on X (formerly Twitter). Notably, this anonymous crypto trader realized over 21,000% gains with one purchase and six sellings of a token called NVDA.
In this context, Finbold gathered data from DexScreener showing the trader’s ‘Buy’ and ‘Sell’ operations for NVDA/SOL on Raydium.

First, a purchase worth $50.98 with 0.5 SOL at 0.00002816 SOL per NVDA. Followed by sell-offs worth $931, $1,633, $2,143, $1,734, $2,291, and $2,210.

NVDA token and Raydium analysis
Raydium (RAY) is Solana’s second-largest decentralized exchange by total value locked (TVL), with nearly $150 million locked by liquidity providers. Interestingly, this exchange moved $160.92 million in its 24-hour volume – surpassing the TVL, according to data from DefiLlama.

In particular, NVDA is just one low-liquidity token that exists on this platform. Moreover, it was issued on the same day of the trade and has no special fundamentals to back further increases.
Curiously, its name resembles NVIDIA Corp (NASDAQ: NVDA) stock, which has achieved large successes in the stock market. Therefore, it is possible that the token’s issuer could have benefited from investors’ confusion of its legitimacy.
It is worth noting that anyone can issue a token with any ticker in these decentralized exchanges. Thus, investors must always cautiously research the asset’s origin before deploying meaningful capital.
Additionally, recently issued tokens usually have low liquidity available. This makes it difficult for traders to realize meaningful gains when these gains rarely occur. Speculating on the cryptocurrency market, specifically on DeFi, is risky, uncertain, and not recommended for beginners.
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→ @berachain

Berachain is an EVM-compatible L1 blockchain built on top of the Cosmos-SDK.

Berachain is a high-performance, EVM-compatible blockchain built on Proof-of-Liquidity consensus.

→ Investment

Berachain has raised a massive $42M in funding from investors like Polychain Capital, Robot Ventures, Tribe Capital & others.

→Tokens:

Berachain currently utilizes 3 tokens, and each one of them has a different utility.

→ $BERA: used for payment of gas fees.
→ $BGT: used for governance.
→ $HONEY: is a native stablecoin.

→ Airdrop

Berachain has launched its Testnet Artio and there are expectations that Testnet users will be duly awarded with BERA tokens.

1/ Faucet

→ Go to http://artio.faucet.berachain.com
→ Enter your wallet.
→ Get $BERA tokens.

2/ Swap

→ Go to http://artio.bex.berachain.com/swap
→ Connect wallet.
→ Add Berachain network to your wallet.
→ Swap any amount of $BERA for $STGUSDC and $HONEY.

3/ $HONEY

→ Go to http://artio.honey.berachain.com
→ Connect your wallet.
→ Swap $stgUSDC to $HONEY.

4/ Borrow $HONEY

→ Go to http://artio.bend.berachain.com/dashboard
→ Connect your wallet.
→ Deposit $WBTC / Borrow $HONEY.

5/ Liquidity

→ Go to http://artio.bex.berachain.com/pool
→ Select pool.
→ Choose the amount to stake.
→ Click on "Add to pool".

6/ Delegate

→ Go to http://artio.station.berachain.com/delegate
→ Select validator.
→ Choose the amount to stake.
→ Click on "Confirm".
→ Redelegate tokens if desired.

7/ Smart contracts deployment

→ Go to http://minter.merkly.com/deploy
→ Connect wallet.
→ Choose Berachain Testnet.
→ Deploy and interact with the contract.

8/ Galxe

→ Go to https://galxe.com/Berachain/campaign/GC433ttn6N
→ Do simple social tasks.
→ Verify swap tasks.
→ Solve quiz (CDDDA).
→ Claim points.

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