blockchainreporter.net
A smart crypto trader has effectively made a huge profit by growing his portfolio. Lookonchain, a well-known on-chain statistics-providing platform, has disclosed that the trader’s portfolio reportedly expanded to $65 million, giving him a profit of up to $42 million trading 3 altcoins. The analytics provider took to X to offer insights into the operations that the trader performed to earn significant yields.
What a smart trader!
— Lookonchain (@lookonchain) May 24, 2024
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
Smart Altcoins Trader Expands Portfolio to Generate Profit of $42M
Lookonchain noted in its recent X post that the trader generated up to $60 million on the crypto token $PEPE. This figure indicates an increase of more than 1203% in terms of value. In addition to this, the trader reportedly made nearly $5.8 million on $ONDO. This signifies a value spike of above 288%. Moreover, the analytics platform disclosed a profit of almost $1.85 on $BEAM. This figure denotes a value surge of approximately 72%.
Apart from that, Lookonchain also provided the details of the trades. As per the analytics forum, the trader spent nearly 2,434 $ETH tokens for $PEPE. It added that the respective ETH tokens equal an amount of $5 million. With these $ETH tokens, the trader reportedly purchased 3.97 trillion $PEPE. The trader carried out this buyout between the 2nd of November last year and the 1st of February this year.
The Trades Denote an ROI of Approximately 1203%
Following that, he sold almost 125 billion $PEPE for up to 350 $ETH. These $ETH tokens equal nearly $1.27 million. Subsequently, the trader had almost 3.84 trillion $PEPE tokens left. This figure equals $56.43 million. Keeping this in view, the trader made a cumulative profit of $60 million through 3 altcoins. This displays an ROI of nearly 1203%. Lookonchain added that the trader is very clever and sells the tokens at a high value every time.