A shrewd trader managed to turn an initial investment of $12,300 into a staggering $1.72 million in just four days by trading the cryptocurrency $PEW. According to Lookonchain data, the trader used 3.2 ETH, valued at nearly $12,300, to achieve this impressive feat, multiplying their investment by 140 times.
The trader spotted the potential of $PEW just three minutes after trading began and decided to invest 3.2 ETH ($12.3K) to purchase 27.05 billion $PEW. They then sold 8.05 billion $PEW for 83.5 ETH ($315K). Currently, the trader still holds 19 billion $PEW, which is equivalent to $1.42 million.
In a strategic move to secure their profits, the trader sold 8.5 billion $PEW for 83.5 Ethereum ($ETH), earning approximately $315,000. However, they did not stop there. To safeguard their assets and potentially reduce risk, the trader divided 18 billion $PEW into 15 separate wallets.
This remarkable success story highlights the immense potential for making money in the cryptocurrency market. It serves as a reminder of the importance of seizing opportunities quickly and carefully planning in the highly unpredictable world of cryptocurrency trading.
While these stories of rapid gains are inspiring, they also come with a note of caution. Trading cryptocurrencies carries its fair share of risks. It is crucial not only to make swift decisions but also to have a well-defined strategy to navigate unforeseen events in the market.
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