A meme coin trader identified by Lookonchain as Diamond Hand sold 179.2 billion PEPE for $1.97 million USDC, securing a profit of $1.77 million. This also amounts to an ROI of 886%.
The trader’s strategy was simple. He spent more than 200,000 USDC to buy 170.2 billion PEPE in October 2023 and held the token until today.
A $PEPE Diamond Hand sold 170.2B $PEPE for 1.97M $USDC 1 hour ago, making $1.77M, with an ROI of up to 886%!He spent only 200K $USDC to buy 170.2B $PEPE on Oct 26, 2023 and held it.Address:https://t.co/CgRvoC8EF2 pic.twitter.com/mhMSbpHLCl
— Lookonchain (@lookonchain) July 25, 2024
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This strategy is commonly used in trading. The trader was able to identify a strong trading opportunity and capitalize on it to secure a massive profit.
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