A cryptocurrency investor stunned the cryptocurrency community by turning a modest $150 investment into $80,000 in less than two months. He achieved this success by trading various altcoins with no real value but high volatility.
Despite this crypto money user who applies an extremely risky strategy, it is useful to be careful especially when trading in meme tokens. Recently, many users are making a loss trying to be the first to buy newly released meme tokens.
Its portfolio consists of several small-cap tokens that have seen explosive growth in recent weeks. These tokens, the majority of which are pump-and-dump schemes and do not have any intrinsic value, include Pepechain (PC), Eye (EYE), and Kermit (KERMIT).
One of the wallet's most impressive transactions has been recorded as Pepechain, inspired by the popular altcoin PEPE.
The wallet bought 8.7 million PC tokens at $0.000024 each 46 days ago and then sold them for the highest price of $0.06. As a result, it made a profit of $ 55,500, that is, 226 times return on investment.
Another notable transaction is Eye, the token of a new telegram trading bot developed by TheEYELabs. The wallet bought 849,000 EYE tokens at $0.00034 each 13 days ago and then sold them at $0.02 each. This gave him a profit of $19,300, 60 times his investment.
The third major transaction was recorded as Kermit, another meme coin based on the famous Muppet character. The wallet bought 9 million KERMIT tokens at $0.00005 each and then sold them in less than two hours at $0.001 each. This gave the wallet a profit of $6,000, 12 times its investment.
*Not investment advice.