Recently a big jackpot was seen in the cryptocurrency market. A cryptocurrency trader investing in cryptocurrency turned a small amount of cryptocurrency into huge profits. With only 1.6 ETH (worth approximately $3,694), he made 770 ETH, which is approximately $1.77 million, in just 12 minutes.
His incredible success and huge profits in a short period of time have astonished the crypto community and highlight the trader’s skill in navigating the crypto market.
Insider Profits and Smart Buys: Dogwifhat Token Surges
So, there’s this platform called Lukochain, and according to secret insiders, the twelve new wallets made a huge profit of 770 ETH, which is equivalent to $1.77 million. This is also a big deal because they had just put 1.6 ETH, or $3,694, into a token called Dogwift, which turned into $1.77 million.
When the deployer started trading and made purchases efficiently in these wallets. Due to which other people also became more excited about it and they also joined in with the hope of earning some money.
LookOnChain reported that these 12 wallets used 24 ETH to acquire 1.6 million Dogecoin. Then, they sold it for 15.34 million, making a total of 771.86 ETH, which is equivalent to $1.78 million.
Currently, there are still 8.65 million Dogecoin left in these wallets, and it is worth $838,000.
Even though the price of Dogecoin fell by 7.42% to $0.2174 in the last 24 hours, it is still much higher than on December 13, 2023. In fact, it increased by a whopping 14,287.04%!
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18 SOL Turns Into $703K: FartCaster Token’s 400x Gain
In a similar success story, another trader with just 18 SOL (approximately $1,758) executed a strategic and profitable trade which resulted in a staggering 400x profit.
According to LookOnChain, this trader invested in Fartcaster tokens, effectively receiving 7,197 SOL, which represents 55.1% of the total supply of the token. The strategic move took place on the same block where the token’s trading was launched.
The bulk of the profit then came when the trader sold 53.94 billion Fartcaster tokens for 7,215 SOL, giving him a substantial return on his initial investment. Despite this significant selloff, traders still hold 1.16 billion Fartcaster tokens, worth approximately $27,000, indicating a strategic reserve or confidence in the future potential of this token.
Solana Crypto (SOL) Price Surge
After all this, Solana (SOL) itself has experienced a significant increase in value. Recent cryptocurrency market trends indicate a significant bullish trend, with the price of SOL rising from $88.32 to $94, reaching a high of $105.86 in the last week alone. Now it remains to be seen how much higher it will go.
Note- This information is only for your knowledge, we do not recommend any investment anywhere, before investing anywhere, you must do your own research, thank you!
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