Here Are The 3 Crypto Tokens That Earned A Trader $42 Million Profit In One Year
May 25 2024 - 12:00AM
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In cryptocurrency trading, remarkable success stories often emerge,
showcasing the potential for significant returns. One such story is
that of an anonymous crypto trader who recently managed to turn a
portfolio of $23 million into $65 million over the course of a
year, according to insights from Lookonchain, a crypto analytics
platform. This $42 million profit highlights the trader’s smart
money move in the volatile crypto market. The trader leveraged
strategic investments in tokens such as PEPE, ONDO, and BEAM to
achieve substantial gains. Related Reading: Tiny Pepe, Big Dreams:
Memecoin Explodes, Eyes Dominance In The Dog House Maximizing
Returns Through Precise Market Timing This trader’s journey began
with a strategic crypto investment in PEPE, which alone yielded a
return of $60 million. The trader demonstrated a deep understanding
of market trends and token potential by capitalizing on market
timings and price fluctuations. Notably, the trader’s investment in
PEPE resulted in a 1203% return in gains. Initially investing 2,434
ETH (valued at approximately $5 million) to acquire 3.97 trillion
PEPE, the trader sold 125 billion PEPE for 350 ETH, or around $1.27
million, at peak prices. The remaining holdings in PEPE were valued
at $56.43 million, according to data from Lookonchain. What a smart
trader! In just 1 year, his portfolio grew from $23M to $65M,
earning $42M! – Made $60M(+1203%) on $PEPE! – Made $5.8M(+288%) on
$ONDO! – Made $1.85M(+72%) on $BEAM! 1/ Let’s dig into his trades.👇
pic.twitter.com/ahSmmwsJIz — Lookonchain (@lookonchain) May 24,
2024 In addition to PEPE, the trader diversified their crypto
portfolio by investing in ONDO and BEAM, each offering different
returns and market behaviors. The investment in ONDO resulted in a
$5.8 million profit with 288% return on investment (ROI),
showcasing effective diversification and asset selection
strategies. While BEAM provided the least returns among the three,
it still contributed positively to the trader’s portfolio. An
initial investment led to a 72% ROI, which, although smaller
relative to PEPE and ONDO, demonstrates the importance of portfolio
diversification. It is worth noting that such diversification in
crypto helps balance the risks and enhance the overall stability of
investment returns across different market conditions in the crypto
market. The 3 Crypto Tokens Performance Overview Among the three
tokens the trader utilizes to secure substantial returns on
investment, PEPE has emerged as the leading performer, followed by
ONDO and BEAM. Recently, PEPE has achieved notable milestones,
ascending to new all-time highs. Over the last week, the asset has
experienced a surge of over 40%, and an additional 4% increase in
the past day, reaching a new peak at $0.00001526. Despite this
recent uptick, PEPE’s value has receded by 6.8% from its highest
point, now trading at $0.0000144. Meanwhile, ONDO marked a new
all-time high earlier today at $1.15 but has since retracted by
2.7%, with its current price at $1.12. This represents a
substantial 15.8% increase within a single day, cementing a
week-long upward trend that has seen the token’s price climb by
nearly 20%. Related Reading: Ondo Finance Joins BlackRock Tokenized
Fund As Inflows Surpass $160M BEAM, however, has shown more modest
gains compared to the other two. Over the past day and week, it has
recorded increases of 1.5% and 7.9%, respectively. Currently, BEAM
is trading at $0.02736. Notably, this marks a significant drop of
approximately 38% from its early May high of $0.04416, indicating
less volatility and smaller gains than its counterparts. Featured
image created with DALL·E, Chart from TradingView
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