Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesBotsEarnCopy
Crypto Investor Makes Over $8 Million Profit from Altcoin Investment

Crypto Investor Makes Over $8 Million Profit from Altcoin Investment

Cryptodnes2024/11/13 11:55
By:Cryptodnes

Some cryptocurrency investors are making huge profits at the moment with prices rising across the board.

A long-term investor in PENDLE recently saw a massive return on their investment, turning $1.2 million into an impressive $9.36 million.

This remarkable gain came after nearly a year of holding the asset, demonstrating the power of patience in the volatile cryptocurrency market.

According to Spot on Chain, the investor purchased 1.595 million PENDLE tokens between July 29 and November 11, 2023, at an average price of $0.752. Over the course of the year, PENDLE’s price surged by 400%, dramatically increasing the value of the initial investment.

READ MORE:
Small Nation’s Bitcoin Holdings Surpass $1 Billion Amid Market Surge

At the peak, the investor sold 1.295 million of the tokens for $7.61 million, locking in a profit of $7.16 million. They still retained 300,000 PENDLE, which at current prices is worth around $1.7 million.

Overall, the investor saw a return of 680%, equating to a profit of $8.16 million from their strategic investment in PENDLE.

0

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.

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

You may also like

New spot margin trading pair — PAXG/USDT!

Bitget Announcement2025/04/08 06:38

Market Expert Warns of Potential Decline in Major Cryptocurrencies

In Brief Jason Pizzino warns of further losses in XRP, Solana, and Ethereum. Technical indicators suggest continued downward trends for these cryptocurrencies. Market corrections prompt investors to stay informed on price projections.

Cointurk2025/04/08 06:22
Market Expert Warns of Potential Decline in Major Cryptocurrencies