Trader Made $42M With 3 Cryptocurrencies; Checkout His Portfolio

Trader's $42 Million Crypto Profit History Stuns

A crypto trader's remarkable profit history has garnered attention, revealing a $42 million gain within a year. Notably, this profit was achieved through strategic investments in just three cryptocurrencies.

Lookonchain's Revelation

Blockchain explorer Lookonchain unveiled the trader's trade history on X, providing insights into their profitable ventures.

3 Cryptocurrencies That Soared

According to Lookonchain, the trader's portfolio grew from $23 million to $65 million, yielding $42 million in profits. The key to their success lay in the selection of PEEP, ONDO, and BEAM.

$60 Million Profit from PEPE

Pepe Coin, the highest-yielding meme coin, contributed significantly to the trader's profits. By purchasing PEPE during a market downturn and selling at a bullish peak, they earned $60 million. An initial investment of $4 million in 3.97 trillion PEPE yielded a return on investment (ROI) of 1203%.

$5.8 Million Profit from ONDO

ONDO, the native token of ONDO Finance, ranked among the top 100 cryptocurrencies on CoinmarketCap. The trader invested $1.9 million to acquire 7.55 million ONDO tokens at an average price of $0.26. Despite the surge in ONDO's price to $1.08, the trader sold only a portion, retaining 4.99 million ONDO worth $5.73 million. This resulted in a $5.8 million profit with an ROI of 288%.

$1.85 Million Profit from BEAM

BEAM was the third profitable cryptocurrency, with the trader investing $2.59 million to acquire 139.47 million BEAM tokens at an average price of $0.019. At the time of writing, BEAM trades at $0.02666. The trader sold all of their BEAM holdings in February, yielding $4.44 million at an average cost of $0.032. This generated a $1.85 million profit with an ROI of 72%.

Final Thoughts

The trader's meticulous selection of cryptocurrencies and strategic timing proved highly successful. While Pepe Coin's popularity was expected, the significant profits from BEAM and ONDO underscore their ability to identify undervalued assets.

The Lookonchain team lauded the trader's skills, noting that they consistently sold their cryptocurrencies at peak prices.

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Source: CoinGape