Lookonchain revealed how a trader transformed an initial investment of $1,795 into over $873,000 in just two days, achieving 490x return. The analytics firm noted that this trader’s approach offers valuable lessons in strategy and patience.
The trader made his initial purchase by spending 10.2 SOL, equivalent to $1,795, to acquire 36.27 million $Ban tokens. During an early surge, he capitalized on the market by selling 12 million $Ban for $56,900.
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Remarkably, even after $Ban’s price fell nearly 90%, the trader did not succumb to panic selling. Instead, he maintained his composure and awaited another significant rally.
As the market shifted, the analyst pointed out that the trader adopted a methodical selling strategy. After each price surge, he strategically sold portions of his holdings. Ultimately, he sold a total of 6.13 million $Ban for $80,700, while retaining 18.13 million $Ban, valued at approximately $734,000.
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Show more +The analyst emphasized that this trader’s success lies not only in the impressive return but also in his disciplined approach to selling, demonstrating that careful strategy can lead to remarkable outcomes in the volatile world of cryptocurrency trading.
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