Wallet “0xC57E” recently made a significant move that resulted in substantial earnings according to the data shared by Lookonchain.
Wallet “0xC57E” transferred a hefty sum of 65 Ethereum (ETH) to the Base network recently. Ethereum, for those unfamiliar, is a type of cryptocurrency, second only to Bitcoin in terms of market capitalization. The Base network, on the other hand, is a blockchain platform that allows for the creation and execution of smart contracts.
This wallet now holds 507 ETH, earning a notable 442 ETH (equivalent to $826K) in a single day. This is a clear demonstration of the potential for profit in the volatile world of cryptocurrency trading.
The strategy employed by Wallet “0xC57E” was simple yet effective. Initially, the wallet spent 65 ETH to purchase BALD tokens. BALD is a type of cryptocurrency token, each representing a specific value. The wallet then sold these tokens for a total of 482 ETH, making a profit of 417 ETH.
Following this, the wallet spent 10 ETH to buy OPTISM tokens and sold them for 34 ETH, making a profit of 24 ETH. OPTISM is another type of cryptocurrency token, showcasing the diversity of options available in the crypto market.
The rise of BALD has been nothing short of extraordinary. This cryptocurrency has been making waves, experiencing an incredible growth of over 40,000% within a mere 48 hours.
BALD’s launch took place on BASE, a new blockchain developed by Coinbase, a popular crypto exchange. BASE, built on Optimism, is known for its enhanced scalability solutions for Ethereum. One of the intriguing aspects of BASE is that it hosted the launch of BALD, one of the few cryptocurrencies available on this chain.
Investors in BALD experienced tremendous returns, with stories of hitting nearly 1000x return on investments (ROI) and others making large profits of up to $400,000 overnight.
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