Veteran Memecoin Trader Profits Big on Four Altcoins – Here Are His Trades
Release: 2024/10/18 04:09 Reading: 647
According to research published by blockchain analytics firm Lookonchain, a prominent memecoin trader has garnered attention for their exceptional performance.
Data reveals that the trader has amassed considerable gains in PEPE ($2.19 million), SPX ($1.7 million), MOG ($1.37 million), and WOJAK ($207,000) over a brief period.
Specifically, amid the recent surge in SPX value, the trader profited by selling SPX and utilizing the proceeds to acquire additional PEPE and WOJAK.
Records indicate that the trader invested $57,000 in 10.1 million SPX tokens between December 19, 2023, and May 21, 2024. Subsequently, they sold 9.1 million tokens for $1.12 million, resulting in a $636,000 SPX balance. The overall SPX profit totaled $1.7 million.
The trader has also been accumulating PEPE tokens since November 10, 2023. They currently hold 318 billion PEPE, valued at $3.24 million, distributed across two wallets. The unrealized gain stands at approximately $2.19 million.
Regarding MOG, the trader has been actively trading since January 22. On that date, they purchased 802.4 billion MOG for $194,000 and have since sold 154 billion for $278,000. The trader currently holds MOG worth $1.29 million, with a total profit of $1.37 million.
Finally, the trader has amassed 352.69 million WOJAKs worth $455,000 since December 19. Their initial investment in these tokens was $248,000, resulting in an unrealized profit of $207,000.
While the trader's strategy for identifying the potential value of these tokens remains unclear, the majority of memecoin investors typically incur losses rather than profits.
Please note: This information is not intended as investment advice.
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