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 <p class="paragraph">An anonymous <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currency <a rel="noopener noreferrer nofollow" title="trader" href="https://thebittimes.com/tag/trader.html">trader</a> increased their holdings by approximately 10 times in one <a rel="noopener noreferrer nofollow" title="month" href="https://thebittimes.com/tag/month.html">month</a>, to $3.23 <a rel="noopener noreferrer nofollow" title="million" href="https://thebittimes.com/tag/million.html">million</a>. This facet was achieved by trading low-cap tokens, following a high-risk strategy that, this time, resulted in a favorable outcome.</p>
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 <p class="paragraph">The achievement was first noticed by <em>Lookonchain</em>, who reported about it on X (formerly Twitter) on December 15. Notably, the anonymous trader started with $315,000 and achieved $2.98 million in digital assets when <em>Lookonchain</em> posted the story.</p>
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    <p lang="en" dir="ltr">The total assets of this trader increased from $315K to $2.97M in only one month.<br><br>1/<br><br>How did he do it? pic.twitter.com/M7dajQkMRn</p>— Lookonchain (@lookonchain) December 15, 2023
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 <p class="paragraph">However, the amount has already surpassed the $3.23 million at the time of publication and is continuously increasing. Finbold retrieved this data from <em>Zerion</em>, which shows a starting value of $346,186 one month ago, on November 15.</p>
 <figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="644" src="https://cdn.thebittimes.com/images/2023/12/16/4c581941964674220b47c019a1cf6cc3.webp" alt class="wp-image-143389" srcset="https://cdn.thebittimes.com/images/2023/12/16/4c581941964674220b47c019a1cf6cc3.webp 1024w, https://cdn.thebittimes.com/images/2023/12/16/4c581941964674220b47c019a1cf6cc3.webp 300w, https://cdn.thebittimes.com/images/2023/12/16/4c581941964674220b47c019a1cf6cc3.webp 768w, https://cdn.thebittimes.com/images/2023/12/16/4c581941964674220b47c019a1cf6cc3.webp 1536w, https://cdn.thebittimes.com/images/2023/12/16/4c581941964674220b47c019a1cf6cc3.webp 1748w" sizes="(max-width: 1024px) 100vw, 1024px">
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   Address: 0x0b6a06c07c58d13b6c725dbdb9cd1e2f6bac5527. Source: <em>Zerion</em>
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 <h2 class="wp-block-heading" id="h-2-million-of-unrealized-profit-with-a-single-token">$2 million of unrealized profit with a single token</h2>
 <p class="paragraph">Interestingly, <em>Lookonchain</em> reported that MultiBit (MUBI) was responsible for around two-thirds of this trader’s current balance. The token surged by 4,729% since launch, trading at $0.2551 by press time.</p>
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  <p class="paragraph">“MultiBit is the first-ever dual-sided bridge designed for easy cross-network transfers between BRC20 and ERC20 tokens.”</p> <cite>— Lookonchain</cite>
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 <figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="551" src="https://cdn.thebittimes.com/images/2023/12/16/fc6d2f8f2c08daf547d6f5a7659e9857.webp" alt class="wp-image-143390" srcset="https://cdn.thebittimes.com/images/2023/12/16/fc6d2f8f2c08daf547d6f5a7659e9857.webp 1024w, https://cdn.thebittimes.com/images/2023/12/16/fc6d2f8f2c08daf547d6f5a7659e9857.webp 300w, https://cdn.thebittimes.com/images/2023/12/16/fc6d2f8f2c08daf547d6f5a7659e9857.webp 768w, https://cdn.thebittimes.com/images/2023/12/16/fc6d2f8f2c08daf547d6f5a7659e9857.webp 1536w, https://cdn.thebittimes.com/images/2023/12/16/fc6d2f8f2c08daf547d6f5a7659e9857.webp 1914w" sizes="(max-width: 1024px) 100vw, 1024px">
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   MultiBit (MUBI) all-time price chart. Source: <em>CoinMarketCap</em>
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 <p class="paragraph">In particular, the <a rel="noopener noreferrer nofollow" title="trader" href="https://thebittimes.com/tag/trader.html">trader</a> spent 38.33 WETH ($75,500) to buy 10.27 <a rel="noopener noreferrer nofollow" title="million" href="https://thebittimes.com/tag/million.html">million</a> MUBI within three days after the token went online. The 10.27 <a rel="noopener noreferrer nofollow" title="million" href="https://thebittimes.com/tag/million.html">million</a> acquired MUBI is now worth $2.61 <a rel="noopener noreferrer nofollow" title="million" href="https://thebittimes.com/tag/million.html">million</a>, for an unrealized profit of $2.53 <a rel="noopener noreferrer nofollow" title="million" href="https://thebittimes.com/tag/million.html">million</a> from MUBI alone.</p>
 <p class="paragraph">Nevertheless, it is important to understand the trader would face challenges to liquidate this position and realize the profit. Essentially, it accrues for more than 10% of the token’s market capitalization — any meaningful sell-off would directly impact MultiBit’s price.</p>
 <p class="paragraph">Besides MUBI, the anonymous trader made several other trading operations with multiple tokens. Among these trades, this address also accumulates losses, which were compensated by the wins.</p>
 <p class="paragraph">All things considered, trading cryptocurrencies is risky, volatile, and unpredictable. Statistically, most traders will lose money in the long term for short-term, high-risk operations. Investors and traders should not blindly follow third-party strategies like the one reported here.</p>
 <p class="paragraph"><strong><em>Disclaimer</em></strong><em>: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/how-this-crypto-trader-made-from-300-000-to-3-million-in-one-month-tbt73845.html">https://thebittimes.com/how-this-crypto-trader-made-from-300-000-to-3-million-in-one-month-tbt73845.html</a></p>

How this crypto trader made from $300,000 to $3 million in one month

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