Dealer.eth (@dealerdefi), recently shared an intriguing thread detailing the journey of a crypto wallet that skyrocketed from $3.2K to $313K in just 19 days. The thread serves as a fascinating case study for anyone interested in cryptocurrency trading and investment strategies.
What you'll learn 👉
Key Takeaways:
Strategy Overview:
- The wallet owner focused on trending tokens on decentralized exchanges (DEXs).
- Tools used for analysis included @mest_io, @etherscan, and @dexscreener.
Top Trades:
- FINE Token:
- Bought approximately 6 billion FINE tokens for ~$29,787.
- Total Profit and Loss (PNL): ~$148,663.
- The trade was executed on the second day of the token’s listing and yielded a net profit of $147K in just 7 days.
The FINE token trade is a classic example of timing and strategy. The wallet owner didn’t just buy the token; he bought it on the second day of its listing. This is often a critical period for new tokens, as initial volatility starts to settle and real market interest begins to manifest. Making nearly $150K in just a week shows not just luck but also a deep understanding of market timing.
- Real Smurf Cat:
- Initial investment: ~$18,754.
- PNL: +$52,416.
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Show more +This trade exemplifies the high-risk, high-reward nature of investing in meme tokens. The wallet owner was able to triple his investment in just a few hours, but it’s worth noting that the token gained an additional 150% after he sold. This raises questions about exit strategy and whether holding for a longer period could have yielded even greater returns.
- Other Successful Trades:
- SUPER: Bought ~585,514 tokens, PNL: +$8,796.
- CURVE INU: Bought ~809,234,068 tokens, PNL: +$15,023.
- The wallet owner also invested in about 5 other tokens, accumulating the rest of the profit.
Starting Point:
The wallet owner’s humble beginnings, trading with just $3K-$5K, serve as an inspiration for small retail investors. It shows that you don’t need to start as a “whale” to make significant gains. What you do need is a solid strategy and the courage to take calculated risks.
Risks and Losses:
- Despite the impressive gains, the wallet also experienced some losses, which dealer.eth referred to as “total REKT.”
- The wallet’s peak value was $362K, but it has since decreased to $275K.
Wallet Address for Further Analysis:
- 0x782ec8676b4f827bae16433191876223fdfd1edc
- You can use @mest_io with the code “dealer” to check the wallet’s profit history.
This thread by dealer.eth provides valuable insights into the volatile yet potentially lucrative world of crypto trading. It’s a testament to the importance of strategy, timing, and risk management in achieving extraordinary financial gains.
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