Savvy Trader Turns $96 into $3 Million by Investing in TRUMP Tokens
The post Savvy Trader Turns $96 into $3 Million by Investing in TRUMP Tokens appeared on BitcoinEthereumNews.com.
A savvy crypto trader recently turned a small $96 investment into over $3 million in profits. According to a post shared by blockchain analysis platform Lookonchain, this lucky investor made a jaw-dropping 32,000x return on his investment by trading TRUMP tokens, a meme coin inspired by the former U.S. president. From $96 to Millions $3 Million According to the Lookonchain report, the trader initially spent just 0.052 ETH (worth $96) to buy 608,650 TRUMP tokens on August 12, 2023. At the time, the TRUMP token was newly listed on several exchanges, trading at $0.0193. The token’s rise coincided with increasing interest in the U.S. election and Donald Trump’s involvement in the memecoin space, fueling investor excitement. 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 Fast-forward to today, and he has started selling portions of his holdings when the price of the TRUMP coin is trading around $5.3. Within the last 6 hours, he sold around 6,000 TRUMP tokens, earning 11.4 ETH, or roughly $30,000. What’s even more remarkable is that he still holds a large portion of his TRUMP tokens—594,564 to be exact—which are now worth over $3 million. This significant return reflects the impact of meme coins in the crypto market, as well as how timing and market interest can turn a small investment into a massive profit. Also Read : Crypto Trader Makes $2.42M in Just 4 Days with GOAT Token , TRUMP Token’s Rise in Value TRUMP tokens are part of a growing trend…
Filed under: News - @ October 18, 2024 6:21 am