Bitget App
common_footer.down_desc
common_header.buy_cryptocommon_header.marketscommon_header.tradecommon_header.futurescommon_header.social_tradingcommon_header.grid_tradingcommon_header.earn
Unlucky Trader First Made $1.2 Million on This Altcoin, Then Lost It All

Unlucky Trader First Made $1.2 Million on This Altcoin, Then Lost It All

BitcoinsistemiBitcoinsistemi2024/09/12 11:48
coin_news.by:Mete Demiralp

According to the data, an unlucky trader first made a fortune in an altcoin but then lost almost all of it.

According to cryptocurrency onchain data provider Arkham, a trader has embarked on an intriguing trading adventure.

Data shows that this trader used his initial investment of $80,000 to buy an altcoin, then increased his net worth to $1.2 million, before losing it all.

XCkM, a trader who is actually known for trading Solana-based altcoins, bought $80,000 worth of AURA tokens within 3 weeks of its launch, according to onchain data. The data showed that at the peak of the crypto wallet’s wealth, the altcoin’s price rose to $1.22 million. During this period, AURA’s total market value briefly exceeded $75 million.

Related News Legendary Analyst il Capo Writes a Bullish Scenario for Cryptocurrencies, Explains What It Takes to Make It Happen

However, things started to get worse for the trader after this stage. AURA, a memecoin, lost a lot of value with the arrival of the bear market wave affecting the cryptocurrency market, and the value of the trader's total assets dropped to $91,000.

On the bright side, the trader has not suffered any losses from his principal so far.

*This is not investment advice.

0

coin_news.disclaimer

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!