2023-12-18 14:03:00
The crypto trader who managed to increase his investments from $300 to more than $150,000 in a single month had an incredible performance. Worst of all, he made a return of over 60,000% in a single trade. But what did you invest in anyway?
The incredible performance of the trader known as 2yZ7 was recently shared by cryptocurrency analytics firm Arkham.
The question everyone is wondering about; what token did you buy?
The fact is that this incredible yield was generated by a dog in a hat, the meme coin WIF (Dogwifhat), a meme coin launched on the Solana network.
Our dealer is approx 300 bought $100 worth of WIF on November 20th, about 4 hours after launch. When investors on the Solana network began buying WIF in early December, the initial purchase was almost 20 times more, more than 5,000 increased to dollars.
By December 15, amidst the wave of hype in the Solana ecosystem, his investment was well over 150 000 worth dollars. He then traded 2/3 of his tokens to SOL for over $110,000, making over 300 times you made a profit on your initial purchase.
After that, you still haven’t completed the trade. He decided to keep it 60 000 dollar token. This again proved to be a good decision, as their current value is more than 95 000 dollar. With this, the total profit is more than 200 000 rose to dollars. He still hasn’t realized almost half of his profit, so if luck continues to be with him, the investor will surely end the year celebrating.
By the way, he’s not the only one who did well by investing in early WIF. A crypto trader with the pseudonym ‘Blockgraze’ for Coin Desk saidthat 1 000 bought $ worth of the meme coin immediately after its launch. His fortune is now more than 100 000 worth dollars. According to Blockgraze, he bought the meme coin simply because he found it “really funny”. He has already cashed out $25,000 of the profits and is still keeping the rest in his wallet.
According to Blockgraze, trading 100x memecoin is more luck than skill and likens it to gambling.
“The secret is to be an idiot” – He told.
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