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.
Lookonchain shared one of these examples. Accordingly, a smart investor became a millionaire in 2 weeks by investing in the altcoin named Coq Inu (COQ).
At this point, the investor, who bought 4.86 T COQ by selling 17.26 AVAX worth $454 about two weeks ago, sold his COQs two weeks later and made a total profit (unrealized and realized profit) of over 2 million dollars.
“One trader turned $454 into $2.19 million in 2 weeks by trading COQ, which is 4827x earnings!
This trader spent 17.26 AVAX ($454 value) to buy 4.86T COQ via 7 addresses.
He then sold the 4.61T COQ for 32,251 AVAX ($1.26 million) and 259K USDC.
“The company, which currently has 250 billion COQ ($700 thousand) in hand, has made a profit from its COQ investment of approximately 2.19 million dollars.”
A trader turned $454 into $2.19M in 2 weeks by trading $COQ, a gain of 4827x!
This trader spent 17.26 $AVAX($454) to buy 4.86T $COQ through 7 addresses, then sold 4.61T $COQ for 32,251 $AVAX($1.26M) and 259K $USDC.
Currently holding 250B $COQ($700K), the profit is ~$2.19M. pic.twitter.com/arsaX6Uey8
— Lookonchain (@lookonchain) December 19, 2023
COQ, a meme token based on Avalanche (AVAX), has surged nearly 500% in two weeks. COQ continues to trade at $0.00000277 at the time of writing.
*This is not investment advice.
