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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.
- Apr 27, 2024 06:38 UTC
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Crypto Trader Makes $18 Million Profit With PENDLE Token: Here’s His Strategy!
Trader earned $18 million profit through strategic transactions in PENDLE tokens.
Trader bought 3.21M PENDLE, cashing out with a 1841% ROI, showcasing market timing and strategic decisions.
PENDLE price at $5.38, $1.28B market cap, with active $76.50M trading volume.
Dominating the finance game, a savvy trader recently made significant transactions resulting in $18 million in profits! Yes, you heard that right!
According to reports from Lookonchain a prominent blockchain tracking platform, just three hours ago, the trader made a significant move by depositing a hefty 1.2 million PENDLE tokens into Binance, valued at around $6.74 million. But that’s not all – the trader still holds onto a substantial 2.23 million PENDLE tokens, worth about $12.3 million.
Here’s how he did it.
Trader’s Investment Strategy
This success story starts back on February 9, 2023, when the trader began acquiring 3.21 million PENDLE tokens. Armed with 869,757 USDC Coins, they snagged these tokens at an average price of $0.27 each, laying the groundwork for their future triumph.
With an eye for opportunity, the trader wasted no time capitalizing on market gains. On April 27, they withdrew 111,055 PENDLE tokens from Gate.io, where each token was selling for $0.49, adding to their burgeoning portfolio.
A Lucrative Payoff
These savvy moves have swelled the trader’s profits from the PENDLE investment to an incredible $18 million, boasting a stellar Return on Investment (ROI) of 1841%. This impressive performance showcases the trader’s skill in navigating the volatile crypto landscape.
The success story of this PENDLE investment highlights the potential for substantial gains in the crypto market, particularly through strategic investments and astute decision-making. As interest in decentralized finance (DeFi) and blockchain assets continues to grow, traders are leveraging these trends to achieve notable returns.
Also Check Out: Legendary Trader Makes Millions: Here’s His Crypto Strategy!
Pendle Price Analysis
As things stand, the price of the Pendle token remains steady at $5.38, showing a slight 7% dip over the past day. Despite this, trading volume has soared to $76.50 million, indicating an active market with ongoing chances for profit.
This goes to show – fortune really does favor the bold!
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