An astute investor has successfully amassed a remarkable $5.46 million through strategic investments in several well-known altcoins, including SPX, PEPE, MOG, and WOJAK. This update, released by Lookonchain on October 17, reveals that the investor, labeled as “Smart Money,” achieved notable gains, particularly with $2.19 million from PEPE and $1.7 million from SPX.
How Did Investments in SPX and PEPE Pay Off?
The investor made a substantial purchase of 10.1 million SPX coins between December 19, 2023, and May 21, 2024, for an investment of $57,000. As the value of SPX rose, they sold 9.1 million coins for a profit of $1.7 million, retaining 1 million coins worth approximately $636,000. Additionally, the investor began acquiring PEPE coins on December 10, 2023, and currently holds 318 billion PEPE coins valued at $3.24 million, yielding unrealized profits exceeding $2 million.
What Gains Were Achieved from MOG and WOJAK?
The investor initiated their MOG investment on January 22, 2024, spending $194,000 to acquire 8.02 trillion coins. Following the sale of 1.54 trillion coins for $278,000, they now maintain 6.48 trillion MOG coins valued at $1.29 million, resulting in a profit of $1.37 million. Furthermore, since December 19, 2023, they invested $248,000 in 3.52 billion WOJAK coins, which are now valued at $455,000, contributing an additional $207,000 to their overall earnings.
- The investor’s keen market insights led to significant profits across multiple altcoins.
- Profits from PEPE and SPX coins were particularly substantial, totaling nearly $4 million.
- Ongoing investments in MOG and WOJAK further bolstered the investor’s gains.
This investor’s expertise in altcoin markets underscores a profound understanding of potential growth areas, showcasing their ability to capitalize on emerging trends effectively.