In a surprising turn of events in the crypto sector, an anonymous investor has made significant profits with an investment of just $1,331. As per Lookonchain, a well-known on-chain analytics firm, this investor made a massive amount of up to $9.5M just in sixteen days. The analytics provider announced this event on social media.
Turned $1,331 into over $9.5M in only 16 days, a 7,140x return! #MOODENGThis guy spent 9.8 $SOL($1,331) to buy 38.7M $MOODENG on Sept 10 and sold 104K $MOODENG for 112 $SOL($17.9K)today, leaving 38.64M $MOODENG, worth more than $9.5M!https://t.co/gCR15Bjrcc pic.twitter.com/gaMG0BvKdB
— Lookonchain (@lookonchain) September 27, 2024
Crypto Investor Makes $9.5M from Just $1,331 in 16 Days
In its recent X post, Lookonchain noted that the investor’s profit denotes a jaw-dropping amount of nearly 7,140x. The journey of the investor started on the 10th of this month when they bought 38.7M $MOODENG tokens in return for 9.8 $SOL coins. The respective figure accounted for the earliest investment of almost $1,331.
The meteoric surge in $MOODENG’s value has gained considerable attention across the crypto community. A couple of days ago, on the 25th of September, the investor traded 104,000 $MOODENG coins for nearly 112 $SOL. This figure had a value of $17,900. At present, the investor still holds an enormous 38.64M tokens. This sheer value spike not only displays the crypto volatility but also signifies the potential of this sector for immense gains.
$MOODENG’s Meteoric Rise Triggers Speculations
Only 15 days back, this investor had experienced a 2,554x return that placed the cumulative holdings at nearly $3.4M. Keeping that in view, the swift value jump of $MOODENG has ignited discussions concerning the factors behind this rise.