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.
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!
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!
Despite recent market turbulence pulling XRP prices below $2.2, Ripple's ecosystem continues to defy bearish…
Wall Street experts anticipate the Fed to cut its rate later this year to stimulate…
At the end of its two-day meeting, the Fed's policy group, the Federal Open Market…
The crypto markets are consolidating as all eyes are on the upcoming FOMC. The Bitcoin…
The sentiments around the SUI price are growing and becoming more bullish day by day.…
The Solana price is juggling around a narrow range after triggering a rebound from the…
