2023-05-24 16:28:21
According to data from a popular blockchain analyst a mysterious memecoin trader was able to make an incredible profit in less than a month just by trading memecoins. The mysterious unknown earned 562.64 ETH, i.e. more than 1 million dollars, in less than thirty days. The Lookonchain according to your data the unknown was somehow always able to find opportunities for good investments in the world of memecoins.
The memecoin trader was really busy with PEPE and RFD coins
The trading transactions involved 104 memecoins, of which 63.5%, i.e. 66 tokens, had an overall profit from the transactions. For example, the mysterious trader earned 189.5 ETH with RFD, but also managed to pull in 127 ETH with the very fast PEPE coin. So it can be seen that although 104 memecoins were involved in the trades, RFD and PEPE actually made the bulk of the profits. In the case of RFD, the unknown, also known as the “treasure hunter”, earned four times the investment, while in the case of PEPE, the return was 32 times. The trader was also risk-averse, since according to the blockchain data, his biggest loss was 6 ETH, which he lost on the meme coin called RIBBIT. Somehow the mystery entity (because it’s not certain that it’s just one person) always found the perfect entry point. In the case of RFD, for example, he bought 74.5 trillion RFD for 45 ether, and then sold 71.3 trillion of it for 234.5 ether.
It’s a pretty impressive profit, but you have to see that he was able to get such a sum really only with a big investment. Among the memecoins, PEPE has been the biggest lately, although analyzes show that the frenzy surrounding it did not really match the buying frenzy surrounding Shiba Inu and Dogecoin. In addition, PEPE really didn’t talk regarding anything other than trading. Binance also warned investors that the PEPE token has no exploitable functionality or value support mechanism. Despite this, it was able to enter quite a few crypto exchanges and success stories regarding token traders can be read in many places on the internet. For example, another investor was able to collect more than $1 million in profit from an investment of 0.125 ETH in just a few days.
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