Benefit stories in the cryptocurrency world continue to attract the attention of investors. Finally, a trader who started trading with only 4.86 SOL (780 dollars) earned 1,731.6 SOL (266.6 thousand dollars) with chest coin projects, which caused a great stir. This story stands out as a remarkable story of success that emerged as a result of the combination of the trader’s strategy and luck factors.
Trader made huge profits with chest coin investments
According to the information shared by @lookonchain, the trader created a new wallet five days ago and received 4.86 SOL ($780) from #FixedFloat. With these funds, he first chose to purchase the $DADDY token. The trader purchased 3.71 million $DADDY tokens, spending 4.5 SOL ($728). This investment yielded a huge profit in just three days.
The trader sold the $DADDY tokens he purchased within three days, earning 1,736.1 SOL ($267.4K). This corresponds to a massive increase of 385 times the initial capital. Such interests are rare in the cryptocurrency world and are mostly made possible by a combination of real strategies as well as luck.
What about his other investments?
Following the big profit, the trader invested 46 SOL of the 1,736.1 SOL he earned into four different MEMEcoins: $DJT, $FatNigga, $FTRISTAN, and $Donatella. But he could not gain any benefit from these investments. This shows that MEMEcoin investments carry high risks and do not always yield benefits. While such huge benefits are often seen as a result of good fortune, some argue that the trader may have inside information. Insider trading in cryptocurrency markets, that is, trading with inside information, causes controversy from time to time.
In this case, the successful outcome of the trader’s investment in the $DADDY token brings to mind the possibility that he may have inside information. Cryptocurrency markets present an environment full of high volatility and uncertainty. Therefore, great losses may occur as well as great benefits. Traders’ strategies, market trends and risk management are the key factors to success in this market. Investments in high-risk assets, especially MEMEcoins, can bring great benefits but also result in the loss of all capital.
Although such stories attract the attention of many investors, there are some points that need to be careful. It is important for investors to do extensive research, especially when investing in new and high-risk projects. Additionally, investing only what they can afford to lose can prevent major losses.