A Cryptocurrency Wallet Raises $428 to $180,000: Here are the Transactions
According to Onchain data, a cryptocurrency wallet made an interesting 421 times profit in 12 hours.
According to data provided by Lookonchain, a tiny cryptocurrency wallet has amassed a notable asset by making a 421x profit in just 12 hours.
Joining the recent memecoin craze, the wallet purchased Magnets for just 3 SOL, or $428. Following the surge in the value of Magnet, a memecoin, it sold them for 1,241 SOL, or $180,000.
Despite selling almost all of his wallet assets, he still keeps $45,000 worth of Magnet in his wallet.
However, it is worth remembering that despite the luck of this wallet, the majority of users suffered serious losses in memecoins.
On the other hand, the latest move made by another memecoin whale also attracted attention. According to Onchain data, a large PEPE whale bought another memecoin called SPX after selling PEPE.
This whale bought $800,000 worth of PEPE between April 18 and May 15 and had an unrealized profit of $120,000.
Hours ago, this whale sold $574,000 of them and obtained $684,000 worth of SPX tokens. Within a few hours, it currently has a 16% profit.
*This is not investment advice.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Tether Moves to El Salvador as Crypto Regulations Tighten
Sony Launches Soneium Blockchain: What You Need to Know
Sony expands into blockchain with Soneium’s mainnet launch
Donald Trump's inauguration may no longer be a sell-the-news event for bitcoin, K33 says
Bitcoin’s price initially surged following Donald Trump’s election victory, buoyed by the prospect of his pro-crypto policies.However, macro headwinds have seen markets cool since mid-December, leading analysts at K33 to ponder if Trump’s inauguration is no longer a sell-the-news event.
Today, the US Bitcoin ETF has a net outflow of 2,244 BTC, and Ethereum has a net inflow of 3,511 ETH