An ingenious crypto investor has managed to pre-buy all the recent meme coin rallies. It remains a mystery with whom and what kind of connections this person has. It is also noteworthy that he earns 4-5x in each of the positions he opens.
1 million dollars in 1 month
Blockchain detective Lookonchain shared the transactions of the most successful crypto trade in the last month. This investor managed to make a profit of 562.64 ETH (equivalent to $1.06 million) in the monthly timeframe.
The Lookonchain report highlights the remarkable gains the meme coin hunter has made on two specific tokens. The trader earned an impressive 189.5 ETH (around $345,306) via RFD. This means that he has quadrupled his balance in a short time.
https://twitter.com/lookonchain/status/1660911491145670656
In another position, it generated 32x returns through PEPE. The crypto trader just made a profit of 127 ETH (equivalent to $248,697) from his PEPE position.
Digging deeper into the trader’s trading habits, Lookonchain’s report reveals that he actively traded a total of 104 tokens in the past month. Remarkably, it closed 66 of its positions in profit. Thus, it achieved an overall win rate of 63.5%.
Lookonchain highlights top talents of meme coin investor
Such consistent success has made the super meme coin hunter an inspiration for new investors. However, their success doesn’t just lie in their winning trades. Lookonchain’s report also highlights the investor’s exceptional skill at managing losses effectively.
The biggest loss suffered by the meme coin hunter was just 6 ETH (about $11,306) in RIBBIT. This highlights the ability to minimize risks and prevent significant financial setbacks.
Also, analyzing investor buying patterns, Lookonchain’s report highlights its expertise in identifying potential tokens and investing significant amounts.
For example, he allocated 45 ETH (about $81.5k) to buy 74.5 billion RFDs. He then made an impressive profit of 189.5 ETH (equivalent to $345,000) through strategic selling after selling 71.3 billion RFDs for 234.5 ETH (approximately $427,000).
Some preferences of successful investors are on the red list
According to Lookonchain’s report, the major meme coin positions that made the investor a millionaire were on MEME, PEPE, and RFD. Different reports indicate that some of these projects intend to rug pull.
As PeckShield reported today, in the last 10, 24 meme coins have drained all liquidity from the pools and fled. The MEME token was one of the projects that was on the successful trader’s list and that PeckShield marked as dangerous. As Kriptokoin.com, we have included the details of the report in this article.
https://twitter.com/eth_ben/status/16608743990198968320
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