An investor turned 0.34 ETH into $550,000 in a couple of hours

Lookonchain analysts paid attention to a trader who managed to earn $550 thousand in eight hours. The platform team published details of the operation of an unknown market participant in its microblog

According to analysts, an unknown member of the crypto community chose the FERRET token of the Ferret AI platform to work. The project team is developing tools that help companies and individuals obtain objective information in real time, thereby reducing the risks of interacting with unverified data.

Cryptocurrency trading was launched on Uniswap on January 17, 2024. As of the time of writing this review, the coin is only available in a trading pair with Ethereum.

An unknown trader invested 0.34 ETH (about $878) in the cryptocurrency. For Ethereum, he managed to buy 80 million FERRET in the first seconds of the launch of cryptocurrency trading. The investor distributed the purchased coins into five wallets.

A couple of hours later, the trader sold 11.8 million FERRET for 21 ETH, thus gaining $54 thousand.

The lucky trader has 68.2 million FERRET worth $497 thousand left at his disposal.

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$ETH