A crypto trader has managed to grow their portfolio from $23 million to $65 million in just one year, earning $42 million in profits. According to a tweet by Lookonchain, the trader’s success can be attributed to their smart investments in three cryptocurrencies: $PEPE, $ONDO, and $BEAM.
What you'll learn 👉
$PEPE: A 1203% Return
The trader’s most profitable investment was in $PEPE, where they spent 2,434 $ETH (approximately $5 million) to purchase 3.97 trillion $PEPE tokens between November 2, 2023, and February 1, 2024. They then sold 125 billion $PEPE for 350 $ETH (around $1.27 million), while still holding 3.84 trillion $PEPE, worth an estimated $56.43 million.
This strategic move resulted in a profit of $60 million, representing an impressive return on investment (ROI) of 1203%. Lookonchain notes that the trader is very smart, consistently selling at high prices to maximize their gains.
$ONDO: A 288% Return
The trader also invested in $ONDO, purchasing 7.55 million tokens for $1.9 million at an average price of $0.26 between January 28 and February 6. They then sold 2.56 million $ONDO for $2 million at an average price of $0.79 on March 14, April 1, and April 2.
The trader still holds 4.99 million $ONDO, worth approximately $5.73 million. This investment yielded a profit of $5.8 million, with an ROI of 288%.
Doge2014 raises 500K in days celebrating Dogecoin. Make potentially big profits and get in on exclusive airdrop!
Show more +$BEAM: A 72% Return
Lastly, the trader invested in $BEAM, buying 139.47 million tokens for $2.59 million at an average price of $0.019 on January 4 and January 5. They then sold the entire holding of 139.47 million $BEAM for $4.44 million at an average price of $0.032 between February 16 and February 27.
This investment generated a profit of $1.85 million, with an ROI of 72%.
The trader’s success story highlights the importance of strategic trading in the cryptocurrency market. By carefully selecting promising projects and timing their investments and sales, the trader was able to generate substantial profits across multiple cryptocurrencies.
Follow us on X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates.
Get all our future calls by joining our FREE Telegram group.
We recommend eToro
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy the trades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
