Various meme tokens continue to mark 2024 with their rise and the profits they provide to their investors.
At this point, while many investors make big profits, some make big losses.
According to Lookonchain's post, BTC12 Capital company, known for its early investments in cryptocurrency projects, acted impatiently and lost 658 thousand dollars in the altcoin named TURBO.
Accordingly, BTC12 Capital purchased TURBO worth $ 1.14 million on May 7, 2023.
After this purchase, the price of TURBO started to fall. BTC12 Capital panicked with the decline and sold its TURBOs just five days later, with a loss of 658 thousand dollars, or 58%.
However, if he had not panicked and sold his TURBOs and kept them until today, he would have earned more than 4 million dollars from his TURBO investment.
“BTC12 Capital (leishen.eth) spent $1.14 million to buy TURBO on May 7, 2023 and sold it 5 days later for a loss of $658 thousand (-58%).
If he had kept it until today, he would have made more than $4 million!”
TURBO, an artificial intelligence-themed meme token, has increased by 620% in the last week and more than 1500% in the last month. TURBO, which has increased by 47% in the last 24 hours, continues to be traded at $ 0.0094 at the time of writing.
Don't be a paper hand in trading!
BTC12 Capital(leishen.eth) spent $1.14M to buy $TURBO on May 7, 2023, and sold it at a loss of $658K (-58%) 5 days later.
If he had held it until today, he would have made more than $4M!https://t.co/ahS1rzJ7Ph pic.twitter.com/jXLeMopIT1
— Lookonchain (@lookonchain) May 28, 2024
*This is not investment advice.
