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After days of poor market performance, only a few crypto traders have maintained positive trading activities. As of now, the crypto market is in a neutral zone with the bears and bulls competing constantly. Despite that, the market has impacted most of the asset’s growth. However, in one profitable crypto trading incident, crypto made $2.44M after maintaining his holding for over a year. The trader has invested in a decently popularized TURBO token, but with a significant surge recently, it has made heavy profits for its holders.
Crypto Trading Peaked With Investor Making $2.44M
Based on the Spotonchain, an AI analytics platform’s post, a crypto investor has shown the perfect example of how crypto trading works. The investor began his TURBO token buying journey on May 5, 2023, and over the year, he has traded more than $897.57 Million tokens in total, that too on an average buying price of $0.0004.
12 hours ago, an early holder deposited the last 695M $TURBO ($2.65M) to #OKX for a huge profit!
Notably, this holder began trading $TURBO on May 5, 2023, and had traded 897.57M tokens in total.
With an avg entry price of $0.0004 and an exit at $0.003, this holder has likely… pic.twitter.com/WoTKC9TLl0
— Spot On Chain (@spotonchain) September 11, 2024
Interestingly, after holding the majority of these tokens for 1.3 years, the crypto investor sold 695 Million TURBO for $2.65 Million on the OKX exchange. More importantly, this trade made him significant profits as the trader sold these at $0.003, more than a 10x increase from the buying price. With this in calculation, he probably might have invested around $287K for all these tokens and has sold these for $ 2.44 million, making 7.5X profits over the year.
Overall, with this crypto trading experience, the investor has made $1.1 Million in profits. Moreover, the trader still holds $142.827K worth of Ethereum and UDST in the crypto wallet, but he is at a loss of 94% in these holdings. It is because the Ethereum price has constantly declined over the last few weeks, waiting for a positive push.
However, despite this loss, the investor has maintained a PnL of $2.575M with +906.377%. Moreover, there is another $9.463 in unrealized PnL (Profit and Loss).
TURBO Token Declines After Earlier Surge
The crypto investor succeeded in this crypto investment as the TURBO price spiked 10x since the buying. However, the value has now declined, presently at $0.003716 after a 2.39% drop in the last 24 hours. However, the TURBO token is still on a 6% hike on the weekly charts.
TURBO is among the popular meme coins which have gained new popularity this year. More importantly, being meme crypto associated with AI, TURBO’s demand has risen heavily. The clear proof of that is its surge to an all-time high of $0.00978 just three months ago. This has increased the holder’s expectation over how this token will perform in the upcoming bull run.
Final Thoughts
In the recent Spotonchain crypto trading post, the platform revealed a trader making heavy profits after selling 695 Million TURBO for $2.65 Million on one of the popular crypto exchanges, OKX. As per the post, the investors have been buying TURBO since May 2023. He finally sold them after the token price turned 10x, making $1.1 Million in profits.
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