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Mustafa Mulla
Mustafa Mulla
Author
Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.
- Feb 08, 2024 08:13 UTC
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Trader Uses $613 to Make $166K in 48 Hours With THIS Cryptocurrency!
Anonymous trader cleverly invested in DEFROGS and turns $613 into $166,000.
This success story highlights the volatile and potentially lucrative nature of cryptocurrency trading.
DEFROGS, saw a significant price increase (85.39%) and trading volume within 24 hours, contributing to the trader's success.
The crypto world can be incredibly fascinating at times. Now the most recent update which has everyone buzzing is an interesting success story.
An anonymous trader managed to turn a modest 0.26 ETH investment into a whopping 27.8 ETH, equivalent to a staggering $166,000, all within just 48 hours. This remarkable feat not only highlights the trader’s skill in navigating the crypto market but also sheds light on the potential gains for those who make strategic moves.
The Winning Strategy
Lookonchain, a top on-chain tracking platform, recently shared the incredible success story of a trader who transformed a $613 investment into an impressive $166,000 profit in just two days.
The trader initiated the journey with 0.26 ETH ($613) and invested 0.08 ETH ($190) in acquiring 100 DEFROGS, a project using ERC404 for project finance for permanence (PFP). However, an additional cost surfaced in the form of a 0.178 ETH ($423) transaction fee, commonly known as gas fees.
In a strategic move, the trader sold 60 DEFROGS, resulting in a gain of 27.8 ETH or $67,000. Even after this sale, the trader retained 40 DEFROGS, now valued at $100,000, marking an impressive total profit of $166,000.
DeFrogs Price Analysis
Beyond individual success, DEFROGS, the cryptocurrency in focus, experienced a notable surge in value. Currently priced at $2,963.33, DEFROGS reflects an 85.39% increase in the last 24 hours. The trading volume during this period reached $26,614,451, contributing to a market capitalization of $23,633,289.
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