A cryptocurrency investor has increased their investment nearly tenfold to $3.23 million within a month. The investor achieved this success by trading low-volume tokens and following a high-risk strategy.
The investor’s transactions were disclosed on December 15th by Lookonchain on the X platform (formerly known as Twitter). The anonymous investor’s journey started with $315,000 and had earned $2.98 million by the time Lookonchain reported it.
It is seen that the investor’s earnings have exceeded $3.23 million and continue to rise. According to data provided by Zerion a month earlier, on November 15th, the initial value was $346,186.
Lookonchain has noted that about two-thirds of the investor’s current balance is related to MultiBit (MUBI). The token price has increased by 4729% since its launch and is trading at $0.35 at the time of writing.
Notably, it has been observed that the investor bought 10.27 million MUBI by spending 38.33 WETH ($75,500) within three days after the token was listed. The value of the purchased 10.27 million MUBI is worth $3.6 million at the time of writing, and a profit of $3.5 million has been made solely from MUBI.