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A crypto trader’s profit history has amazed people where the person has made $42 Million in profits within just a year. Moreover, this profit was with three cryptocurrencies only, where his strategic planning and investment skills came to attention.
This revelation comes after Lookonchain, a blockchain explorer, made a post on X, revealing the trade history of the trader. Let’s look at that and analyze where he made the profits.
3 Cryptocurrencies That Made $42 Million
As per the Lookonchain post, the trader grew his portfolio from $23M to $65 Million within a year, earning $42 Million in profits. More importantly, the trader only used three cryptocurrencies, PEEP, ONDO, and BEAM, to grow his portfolio.
What a smart trader!
In just 1 year, his portfolio grew from $23M to $65M, earning $42M!
– Made $60M(+1203%) on $PEPE!
– Made $5.8M(+288%) on $ONDO!
– Made $1.85M(+72%) on $BEAM!
1/ Let’s dig into his trades.👇 pic.twitter.com/ahSmmwsJIz
— Lookonchain (@lookonchain) May 24, 2024
$60 Million Profit With PEPE
Pepe Coin is the most profiting meme coin as of now and the first among the three cryptocurrencies that made big profits for the trader. He made $60 Million by buying the PEPE when the market was not favorable and selling when the market turned bullish. The trader invested $4 Million in the form of 2,434 $ETH to buy 3.97 Trillion PEPE from November 2, 2023, to February 1, 2024. He turned that into 350 $ETH ($.127 Million) by selling only 25 Billion PEPE and holding the 3.84T PEPE, worth $56.43M. Overall, the trader made $60M, with a Return on Investment (ROI) of 1203%.
Now, the PEPE price is booming, making big gains for the rest of the investors as well.
$5.8 Million Profit With ONDO
ONDO IS the native token of ONDO Finance and is among the top 100 cryptocurrencies on the CoinmarketCap. The trader invested $1.9 Million to buy 7.55 Million ONDO tokens between January 28 to February 6. However, ONDO was trading with an average price of $0.26, but now the ONDO price has surged to $1.08.
Further, the trader sold 2.56M ONDO for $2 Million and kept 4.99M $ONDO, worth $5.73M. With this less popular altcoin investment, he made $5.8M, with an ROI of 288%.
$1.85 Million Profit With BEAM
The third profitable cryptocurrency was the BEAM, where the trader invested $2.59M to buy 139.47M BEAM tokens on January 4 and 5 at an average price of $0.019. And now, at the time of writing, BEAM is trading at $0.02666.
In Feb, the traders sold all the 139.47M BEAM tokens and made $4.44M at an average cost of $0.032. Though BEAM’s price went even higher in the next few days, the trader still gained $1.85M, with an ROI of 72% with this cryptocurrency.
Final Thought
The trader has effortlessly chosen the best cryptocurrencies and the right invest time. Other than PEPE, the trader’s portfolio includes BEAM and ONDO, which was interesting and unusual. It is because Pepe Coin’s hype is understood, but the other two weren’t that demanding, and despite that, those two cryptocurrencies made millions for the trader.The Lookonchain team has also complimented the trader’s skills and how he has only sold the cryptocurrencies at high prices.
Also, Read Altcoins to Buy for 100X Profits in June
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