en.bitcoinsistemi.com
Cryptocurrency analysis firm Arkham recently shared the intriguing performance of an unlikely cryptocurrency whale who managed to raise just $300 to over $150,000 in a month, generating a staggering return of over 60,000% in a single trade.
The trader known as 2yZ7 made a very risky bet on the Solana network. About $300 worth of $WIF was purchased on November 20, about 4 hours after its launch. When investors on the Solana network began buying $WIF in early December, its initial purchase increased almost 20-fold to over $5,000.
However, he refused to change his investment, instead withdrawing his money. By December 15, amid a wave of hype in the Solana ecosystem, his position was worth well over $150k. He then converted 2/3 of his tokens into SOL for over $110,000, turning a profit of more than 300 times his initial purchase.
Still, he wasn't done. He held $60,000 worth of tokens, which are now worth over $95,000. This brings its total profit and loss (PnL) to over 200 thousand dollars, of which almost half is still unrealized.
$WIF is known as one of the Solana memecoins that has made a name for itself recently and does not have any intrinsic value.
*This is not investment advice.