How Trader Raised $2k to $1.2M in Just 78 Days Investing in This Meme Coin

December 1, 2023

How This Trader Went from $2k to $1.2M in 78 Days Investing in This Meme Coin

In a series of tweets, user @0xReflection revealed how one crypto trader managed to turn an initial investment of $2,456 into $1.2 million in just 78 days by investing in a single meme coin called $HarryPotterObamaSonic10Inu.

The Life-Changing Purchase

According to @0xReflection, this trader’s life was changed forever when he purchased the $HarryPotterObamaSonic10Inu token. After trading this coin, his profit and loss statement showed a gain of +$1,237,225.

A Series of Well-Timed Trades

The trader made several well-timed trades within a 4-day period. He managed to accumulate a large enough position in $HarryPotterObamaSonic10Inu to profit immensely as the price rose. His average cost basis in the token was $0.002911.

Preparation and Emotional Control Are Key

As @0xReflection notes, such massive returns require proper preparation and knowledge. It is very difficult to resist selling when prices surge 100-200%. Maintaining emotional control, patience, and persistently hard work are ultimately what enabled this trader’s success.

Profits in Another Token Too

The trader also profited on another token called $Kekec, which accounted for 4.5% of his capital. His PnL on $Kekec was +$47,984.

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Tips for Traders

@0xReflection provided some tips for traders looking to identify similar opportunities, including exploring trending tokens on DEXTools, investigating wallet addresses starting from the 7th spot on Etherscan, and utilizing Zerion to analyze transactions. However, he cautions that blindly copying others rarely succeeds, and doing your own research is crucial.

While huge wins may seem easy for some traders, proper preparation, knowledge, and emotional discipline are vital to success. Staying focused and persistent can help you become one of them.

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