Lookonchain analysts noticed a successful trader who managed to turn five Ethereum (ETH) into $3.3 million. The work took only three days. Analysts published details of transactions of a member of the crypto community on their microblog
According to Lookonchain, the trader had five Ethereum worth $12 thousand at his disposal. To make money on the cryptocurrency, he invested ETH in the PORK coin. The purchase was recorded seven minutes after the start of cryptocurrency trading. For just 5 ETH, the market participant gained 9.5 trillion PORK.
Against the background of the growth of PORK, the trader sold 6.3 trillion coins back - for ETH. So he gained 329 Ethereum ($765 thousand). Thus, his net profit amounted to 324 ETH ($753 thousand).
Many Lookonchain subscribers have decided that an insider is behind the successful trades.
PepeFork (PORK) is another memecoin. Its creators were inspired by a crypto project, the symbol of which was the frog Pepe. In 2023, the “frog” brought good income to many investors.
The developers themselves call PORK a fork of PEPE. As of the time of writing, according to CoinGecko, the cryptocurrency is traded on Uniswap and MEXC.
Buying memcoin at the start of trading and then taking profits is a popular tactic used by many participants in the crypto community. The Lookonchain team has already repeatedly talked about traders who were able to earn a lot of money in a short period of time in this way. For example, here is the story of turning 1 ETH into $651,000 in a couple of hours.
