In a remarkable turn of events in the cryptocurrency landscape, an investor managed to secure over $550,000 in profits from the Daram and Frogs tokens in a mere six days. Information from Lookonchain highlights this rapid financial success as a striking example of potential gains within the crypto realm.
How Did the Investor Achieve Such Profits?
The investor utilized 918 wallets to mint an astounding 45.9 billion Daram tokens, incurring about $10,000 in gas fees. In parallel, they minted 8.8 trillion Frogs tokens through 880 wallets with an additional gas fee of around $7,000.
What Were the Outcomes of the Sales?
After minting, the investor sold all Frogs tokens, netting approximately 26.56 ETH, valued at $69,000. Furthermore, the sale of 32.3 billion Daram tokens brought in 69 ETH, around $180,000. Remarkably, the investor retains 13.6 billion Daram tokens, currently worth around $319,000.
- Investor minted 45.9 billion Daram tokens using 918 wallets.
- Gas fees amounted to about $10,000 for Daram and $7,000 for Frogs tokens.
- Profits from sales include $69,000 from Frogs and $180,000 from Daram tokens.
- Investor still holds tokens valued at approximately $319,000.
The strategies employed by this investor reflect the potential for substantial gains in the cryptocurrency sector, even when faced with hefty gas fees. Such success may encourage other market participants to explore similar opportunities.