- Strategic investments in PEPE Coin resulted in an impressive $60 million profit, a 1203% ROI.
- A diversified portfolio with ONDO governance tokens led to a 288% return, earning significant profits.
- BEAM token investment yielded a $1.85 million profit, showcasing the trader’s strategic prowess.
The cryptocurrency industry still pays out those who handle it well. Lately, a cryptocurrency trader with an impressive background in meme coin-based assets has made large profits. This astute trader made a profit of $42 million in a year and transformed a $23 million portfolio into an astounding $65 million.
Lookonchain, a well-known blockchain analytics tool, has provided insights that show the trader’s route to fortune was mostly fueled by investments in meme coins, especially Pepe Coin. The remarkable $60 million profit this trader made from investing in PEPE, or a return on investment (ROI) of 1203%, is one of his most notable accomplishments. Traders invested 2,434 ETH, or $5 million, between November 2, 2023, and February 1, 2024, to earn 3.97 trillion PEPE.
The trader showed an unrivaled ability to maximize earnings by selling 125 billion $PEPE tokens for 350 ETH, or $1.27 million while holding 3.84 trillion PEPE tokens, or $56.43 million.
Trader earnings from PEPE alone surged to $60 million, according to Lookonchain’s meticulous analysis—a remarkable return on investment (ROI) of 1203%. According to the most recent market statistics, the price of the PEPE coin indicated a minor decline, falling 2.66% to $0.00001379 over the previous day.
The trader expanded his holdings outside of Pepe Coin and had success with ONDO, the governance token of Ondo DAO. Between January 28 and February 6, traders purchased 7.55 million ONDO tokens for a total of $1.9 million, or an average price of $0.26.
3/ He bought 7.55M $ONDO($1.9M) at an average price of $0.26 from Jan 28 to Feb 6.
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Then sold 2.56M $ONDO($2M) at an average price of $0.79 on Mar 14, Apr 1, and Apr 2, with 4.99M $ONDO($5.73M) left.
The profit is $5.8M, with an ROI of 288%. pic.twitter.com/Qdr0Y3Wawhgoogle news — Lookonchain (@lookonchain) May 24, 2024
Lookonchain insights emphasize how ONDO’s remarkable merchant ROI—which reached an astounding 288%—further solidifies their standing as exceptional dealers. Traders kept 4.99 million ONDO tokens, which were then valued at $5.73 million, by selling 2.56 million tokens for $2 million at an average price of $0.79 on several occasions in March and April. As of this writing, the price of ONDO is $1.07, up 8.09% over the previous day.
Another successful endeavor for Traders was BEAM, where a $2.59 million investment produced a $1.85 million profit, or a 72% return on investment, by buying 139.47 million BEAM tokens at an average price of $0.019. Traders sold all of their BEAM assets for $4.44 million, or an average price of $0.032, between February 16 and February 27. BEAM’s price has dropped 3.47% in the last day to $0.02663.
The future of PEPE, ONDO, BEAM, and the overall crypto trading landscape looks promising. PEPE, with its impressive ROI, has proven that meme coins can offer substantial profits when approached strategically. ONDO’s success as a governance token indicates robust potential for decentralized finance (DeFi) platforms, making it a promising investment. BEAM’s consistent performance showcases its reliability in a volatile market.
As the crypto industry evolves, traders who stay informed and leverage analytical tools like Lookonchain can continue to achieve remarkable profits. The success stories of savvy traders turning millions into multi-millions demonstrate that with the right strategy, significant financial growth is attainable. The future holds immense potential for those who can navigate the market with insight and precision.
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