Trader Profits 3,124,900% ROI, Turns $96 Into $3M
The post Trader Profits 3,124,900% ROI, Turns $96 Into $3M appeared on BitcoinEthereumNews.com.
Crypto investors continue to write their own rags-to-riches stories with early investments in new meme coins. Data from Lookonchain reveals that an early TRUMP buyer has turned $96 into over $3 million, securing an astronomical return on investment of nearly 3,124,900%. What can you do with $96? This guy made over $3M with only $96, a 32,000x return! He spent only 0.052 $ETH($96) to buy 608,650 $TRUMP on Aug 12, 2023, and started selling $TRUMP for a profit 6 hours ago. So far, he has sold 6K $TRUMP for 11.4 $ETH($30K), leaving 594,564… pic.twitter.com/OacHY6a4RW — Lookonchain (@lookonchain) October 18, 2024 With the election frenzy reaching a fever pitch in the lead-up to the US Presidential Elections on November 5th, new PolitiFi coins are seeing significant demand as investors hunt for outsized returns. The bull market euphoria is only adding to the FOMO. For instance, a new meme coin FreeDum Fighters has already raised nearly $231k in its ICO. It has also caught the eye of prominent crypto influencers, a few of whom are even calling it the next 100x crypto. Trader Turns $96 Into $3M, Will PolitiFi Coins Create The Next Crypto Millionaires? The unknown trader (0x2280e04e841024e43F0976E5d4344Fa95F2bE065) invested just 0.052 ETH worth $96 to buy 608,650 MAGA (TRUMP) coins on August 12, 2023, shortly after the token went live. After his TRUMP holdings hit the $3 million mark on October 18th, he started to lock in the profits and has already sold over 60% of his position. He is still holding 383,363 MAGA coins, which are currently valued at $1.13 million. Notably, his position was once worth over $10 million in early June, considering that the TRUMP coin was trading at over $17. The MAGA price has plunged after news broke that famous crypto investor GCR (@GiganticRebirth) is also liquidating…
Filed under: News - @ October 22, 2024 6:18 pm