blockchainreporter.net
A well-known trader, often referred to as “smart money,” made substantial investments in two prominent cryptocurrencies. The trader spent 328 ETH, equivalent to $1.2 million, to acquire 40,694 RPL at a price of $29.2 per token. Additionally, 50 ETH, or $181,000, was used to purchase 82,136 LDO at $2.21 per token today. These investments demonstrate the trader’s continued confidence in the potential of these digital assets.
The smart money spent 328 $ETH($1.2M) to buy 40,694 $RPL at $29.2 and spent 50 $ETH($181K) to buy 82,136 $LDO at $2.21 today.
— Lookonchain (@lookonchain) June 17, 2024
The smart money made $60M on $PEPE, $5.8M on $ONDO and $1.85M on $BEAM!https://t.co/IiBt746bCo pic.twitter.com/VNXiAIhWTO
This latest activity follows an impressive track record for the trader, who has demonstrated a keen eye for profitable investments. The trader realized significant profits from several high-profile trades, including a staggering $60 million gain on PEPE, reflecting a 1203% return on investment. The investment in ONDO yielded $5.8 million, achieving a 288% gain, while the BEAM trade resulted in a $1.85 million profit, marking a 72% increase. These figures underscore the trader’s ability to identify and capitalize on lucrative opportunities in the volatile cryptocurrency market.
Remarkable Portfolio Growth
Just one year ago, the trader’s portfolio was valued at $23 million. Fast forward to today, and the portfolio has grown to an impressive $65 million, marking an increase of $42 million over the past 12 months. This growth is a testament to the trader’s strategic acumen and market insights, showcasing an exceptional ability to navigate the complex landscape of digital assets and maximize returns.
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
Reflecting on the trader’s performance from mid-May, the numbers are equally impressive. The $60 million profit on PEPE represented a phenomenal 1203% return. The $5.8 million gain from ONDO translated to a 288% increase, while the $1.85 million profit from BEAM yielded a substantial 72% return. These historical gains provide context for the trader’s recent moves and highlight a consistent pattern of successful trading strategies.