While some investors waste their money by choosing the wrong altcoins, some investors can multiply their money and become millionaires thanks to their smart trading.
While these examples are increasing day by day, Lookonchain shared another one. Accordingly, an investor started his investments with 0.34 Ethereum (ETH) and made 550 thousand dollars.
This investor, who managed to turn 0.34 ETH worth 878 dollars into 550 thousand dollars in just 8 hours, bought an altcoin called FERRET in exchange for ETH and multiplied his money in a short time.
According to Lookonchain's post, an investor thought to have insider information purchased 80 million FERRET with 5 new wallets, one second after FERRET's opening.
Later, the investor sold some of his FERRETs for 21 ETH.
It was also stated that this investor was associated with the FERRET distributor.
“In less than 8 hours, the insider made nearly $550K with only 0.34 ETH (worth $878)!
This insider spent 0.34 ETH ($878) to buy 80 million FERRET with 5 new wallets, one second after FERRET launch.
He last sold 11.8 million FERRET for 21 ETH ($54 thousand).
This investor currently holds 68.2 million FERRETs, which is worth approximately $497 thousand at the current price.
This insider appears to be associated with the distributor.”
In less than 8 hours, an insider made ~$550K with only 0.34 $ETH ($878)!😱
This insider spent 0.34 $ETH($878) to buy 80M $FERRET with 5 new wallets within one second of $FERRET opening trading.
Then sold 11.8M $FERRET for 21 $ETH($54K).
He currently holds 68.2M $FERRET, which… pic.twitter.com/Px2yPIbGyL
— Lookonchain (@lookonchain) January 17, 2024
*This is not investment advice.
